You are here: Home » Finance » News » Others
Business Standard

Green bond offerings rise on govt's clean-energy push

IDBI Bank became the first commercial lender this week to line up global investors for green bonds

Reuters  |  HONG KONG 

Indian companies are beginning to embrace green finance to fund environmentally friendly projects, as they heed calls from Prime Minister Narendra Modi to boost renewable energy in one of the world's worst polluting nations and tap rising investor demand. IDBI Bank became the first state-run commercial lender this week to line up global investors for green bonds — which are certified to show that funds raised will be used for environmental projects — in a $350-million issue that got orders worth about $1 billion. The issue, coming days before the start of UN Climate Change ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, November 28 2015. 21:40 IST
RECOMMENDED FOR YOU