India’s first-ever Euro Green Bond
On 13th September, 2021, Power Finance Corporation Ltd (PFC) issued its maiden Euro Green Bond of £300 million (~$353 million) under the U.S. Global Medium Term Note Program.
- It is the first-ever Euro denominated Green bond issuance from India.
- Moreover, it is the first-ever Euro issuance by an Indian NBFC and the first Euro bond issuance from India since 2017.
About Green Bond
- A green bond is a fixed-income instrument designed specifically to support specific climate-related or environmental projects.
- Green bonds work just like any other corporate or government bond.
- Borrowers issue these securities in order to secure financing for projects that will ....
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