TAG: "Green Bonds"

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NHAI to Raise INR 1000 Crore via Green Bonds for Eco-Friendly Initiatives Including Solar Lighting

National Highways Authority of India (NHAI) through its special purpose vehicle (SPV) DME Development Ltd. aims to raise INR 1,000 crore through green bonds to fund eco-friendly initiatives including solar lighting, rainwater harvesting, and wildlife underpasses.

Green Bonds | December 06, 2024 | By Mrinmoy Dey | 675

REC Raises USD 500 Million Via 5-Year Green Bonds

REC Ltd. has raised USD 500 million through Green Bonds. Bond proceeds will be used to finance green projects in accordance with REC’s Green Finance Framework.

Green Bonds | September 30, 2024 | By Mrinmoy Dey | 799

REC Honored with Best Green Bond - Corporate Award at The Asset Triple A Awards 2024

REC's Green Bond issue, priced at a minimum new issue premium of 7.5 bps, demonstrated strong investor confidence.

Green Bonds | February 07, 2024 | By Abha Rustagi | 1483

Asian Development Bank Raises INR 12.5 Billion in Landmark Green Bond Issue

The bond, denominated in Indian rupees but settled in United States dollars, introduces a unique feature where returns to investors are tied to the performance of the Indian currency, commonly known as masala bonds in the Indian financial community.

Green Bonds | February 01, 2024 | By Abha Rustagi | 1840

PM Modi Lays Foundation Stone for 60 MW Solar Plant at Indore

The plant, being established in the villages of Samraj and Ashukhedi, will help Indore Municipal Corporation save approximately INR 4 crore per month in electricity bills.

Green Bonds | December 29, 2023 | By Anurima Mondal | 1535

India to Invest INR 36.6 Lakh Crore in Green Projects by 2030: CRISIL

India is set to invest INR 36.6 lakh crore in green projects by 2030. This is a five-fold increase from the amount spent during fiscal 2017-2023, according to the rating agency CRISIL.

Green Bonds | October 17, 2023 | By News Bureau | 1763

Green Bonds to Comprise 8-10 Percent of Corporate Bond Issuances in India, SBI Chairman Predicts

Dinesh Kumar Khara, the Chairman of the State Bank of India (SBI), has predicted a significant increase in green bond issuance in India, with these bonds accounting for 8-10 percent of the total corporate bond issuance in the years to come.

Green Bonds | October 11, 2023 | By News Bureau | 1425

UAE’s Masdar Introduces First USD 750 Million 10-Year Green Bond to Deploy Green Projects

Align with Masdar’s Green Finance Framework, net proceeds from this bond and future offerings will be utilised to outlay in ‘dark green’ renewable energy projects, which will be in boosting economies and climate-vulnerable nations that have a crucial need for investment.

Green Bonds | July 21, 2023 | By EI News Network | 1606

ADB Invests in Tegeta Holding's Green Bond Issuance to Expand EV Use and Charging Networks in Georgia

Proceeds will finance the deployment of zero-emission light, road, and non-road electric vehicles (EV), and an expansion of Georgia's EV charging network by 70 new stations.

Green Bonds | July 05, 2023 | By News Bureau | 1786