Page 4 - Green Bonds

Sebi asks issuers for additional disclosure in guidelines on green bonds

Capital market regulator Sebi on Monday came out with operational guidelines on green bonds asking issuers to make additional disclosure, pertaining to environmental sustainability objectives of such debt securities in the offer document. In addition, issuers of green bonds will have to disclose brief details of decision-making process followed for determining the eligibility of projects, for which the proceeds are being raised through issuance of green debt securities, Sebi said in a circular. Apart from disclosure in the offer document, the Securities and Exchange Board of India (Sebi) has asked the issuer, who has listed green debt securities, to provide certain additional disclosures along with its annual report and financial results. Also, the issuer will have to appoint a third party reviewer for a green debt security for the post-issue management of the use of proceeds from the green debt security, and verification of the internal tracking and impact reporting. Listing out .

Call on FY24 green bond, H2 borrowing to be taken together: Ajay Seth

We are at 57 per cent of GDP for the central government, we have to see that every year we nibble away may be a percentage point, said Ajay Seth, Economic Affairs Secretary

Green bonds, SLBs, MDBs in focus at G20 meet on sustainable finance

The delegates deliberated on raising the size of blended finance, and stressed on the importance of multilateral development banks to deal with growing climate change impacts

Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund

Centre looks to raise Rs 16,000 cr this fiscal via green bonds. The Budget, however, does not say whether or not bond issuance will be the sole contributor to the fund

State Bank of India plans to raise $500 million via green bonds

SBI has also issued green bonds worth $800 million since 2018-19 and a green loan worth €50 million in 2020-21

Green debut

Green bonds can help lower borrowing cost

India sells first green bonds at 5-6 basis points below sovereign yields

The proceeds would be used for 'green' projects such as solar power, wind and small hydro projects and other public sector projects that help reduce the economy's carbon footprint

Power ministry proposes tax-paid green bonds issuance, says report

The bonds are lucrative to investors, while marginally reducing the cost of funds as there is a difference in issuers' tax rate and investors' tax bracket, the official said

First ever sovereign green bond auction lapped up at lower-than-mkt yields

PSU banks, insurers show firm demand at sale, traders say; FPIs may have picked up at least Rs 700 cr of the Rs 8,000 cr on offer

India's first-ever green bond auction gets better-than-expected yield

The five-year bond was sold at a cut-off yield of 7.10% versus 7.13% estimate

India's green bond issuances have grown slower than peers, shows data

Dedicated ESG debt funds may be a key factor to help issuances grow

India's Rs 8,000-cr green bond debuts today, analysts see strong demand

Future premium hinges on incentives for banks, FII participation

India's first green bond sale to command 'greenium' on strong demand

The government is expecting a green premium, or 'greenium,' on prices to push yields 5-10 basis points (bps) below sovereign bonds

Top Headlines: India in green bond mkt, Pichai says job cuts avoided worse

Business Standard brings you the top headlines at this hour

India to enter green bond market with $1 billion debut auction on Wednesday

If this sovereign auction is over-subscribed and the cutoff yield materially lower than regular government bonds, it would encourage larger green issuance next year

Insurers can classify green bond purchases as infra investments: Irdai

The investments in green bonds can qualify towards statutory liquidity ratio (SLR) - the minimum percentage of deposits commercial banks are required to invest in liquid assets, such as government bon

Top headlines: New export obligation defaults scheme, banks seek exemptions

Business Standard brings you the top headlines at this hour

Centre ready to test green bond market with debut $2 billion sale

India is putting its first sovereign green bond on the radar of some of its biggest domestic asset managers, including state-run insurers and pension funds as well as foreign investors

Year of Bond starts with a $150 bin sales spree; may spill over this week

Hong Kong raising $5.8 billion via its biggest-ever green bond

RBI details maiden sovereign green bond sales worth Rs 16,000 cr

Government to sell 5-year, 10-year green bonds on Jan 25 and Feb 9