Page 7 - Green Bonds

Pakistan plans to raise $500 million from first green bond sale

Pakistan Water and Power Development Authority, known as Wapda, is looking to sell a 10-year note this month, and intends to offer more environmentally-friendly debt over the next two years

JSW Hydro Energy raises $ 707 million via green bonds overseas

JSW Energy on Tuesday said that its arm JSW Hydro Energy has raised USD 707 million through green bonds abroad. "JSW Hydro Energy raises USD 707 million from international bond markets through debut Green Bond Issue under 144A / Reg S format," a JSW Energy statement said. According to statement, JSW Hydro Energy has priced the fixed rate senior secured green 144A/Reg S Bond for a 10-year tenor at 4.125 per cent. The proceeds from the issuance will be used towards repayment of existing green project-related rupee-denominated indebtedness, it said. The green bond framework for the company's debut bond transaction has been reviewed by Sustainalytics, who has issued a second party opinion. The company engaged with several investors on a global deal roadshow across Hong Kong, Singapore, London, New York and Los Angeles. Backed by an extremely strong investor feedback, the transaction was launched with an initial price guidance of 4.500 per cent area and tightened by 37.5 bps (basis po

JSW Hydro Energy raises $707 million in debut 10-year green bond issue

Offer generates good response, closes at much lower rate than initially guided

JSW Hydro Energy to issue USD-denominated notes in overseas markets

JSW Energy on Tuesday said its arm JSW Hydro Energy will issue USD-denominated notes (green bonds) in overseas markets to raise funds

India Inc and climate: Janet Yellen's voice will boom louder John Kerry's

The aim: ensure banks and insurers across the globe adhere to "climate-responsible financing", thereby making it costlier for India and China to finance their fossil fuel needs

Sustainable bond issuance volumes of FIs, DBs to approach $300 bn in 2021

According to Moody's Investor Service, this expectation is based on the average annual rate of growth in green bond issuance since 2015

ReNew Power plans to raise $575 million in green bonds this year

Such fundraising by Indian companies has hit close to $5 billion in 2021 so far

Hero Future Energies first USD Green Bond fetches $3 billion orders

The company will use the proceeds of the proposed notes to subscribe to Indian rupee-denominated external commercial borrowing (INR ECB) bonds

ReNew Power prices its green bonds at 4 per cent, say sources

The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by ReNew Power

Continuum green bond issue shows global players vying for India infra pie

Continuum Wind Energy's six-year bond of $560 mn got over $3 bn pre-order bids on opening in US. Initial price guidance was 4.875%, issue rate could be as low as 4.5%

ReNew Power to raise $460 mn in green bonds to finance domestic debt

ReNew Power this way gets shielded from exchange rate volatility, while the FPI hedges its exposure

Global green bond issuance hit new record high last year at $269.5 billion

Green bonds are a growing category of fixed-income securities that raise capital for projects with environmental benefits

Volkswagen follows Daimler with green-bond cost savings in debut deal

The maker of VW and Audi brand cars sold 2 billion euros ($2.4 billion) of green bonds divided between eight-year and 12-year tranches

Data tagging absent in green finance despite rising demand: Study

Climate Policy Initiative, a global analysis and advisory organisation specialising in sustainable finance, is planning to launch a portal to track such investment in the country

SBI raises $100 mn via green bonds amid volatile market conditions

The bond issue was done through private placement.

Green bond sub-component issuance will reach $300 bn this year: Moody's

With climate change becoming a big issue, these bonds will soon find wider acceptance globally

NTPC likely to raise funds through green bonds for THDCIL, NEEPCO stake

Proceeds from green bonds are used to finance clean and green and environment-friendly infrastructure

After green bonds in Canada, Brookfield eyes renewable biz in India, Brazil

Brookfield is one of the most active players in the green debt markets in North America

Adani Group firm raises $362.50 million through 20-year green bonds

Funds will be used to retire foreign currency and rupee loans; balance will go towards capex and other purposes

IFC sees green bond scope in India, says project identification only issue

The International Finance Corporation (IFC) sees immense opportunities to finance projects through green bonds in India especially in areas like urban transportation, waste-to-energy and water treatment, its senior official said here Tuesday. "Opportunities in India are huge. Look at infrastructure and amount of urbanisation and the level of agriculture (projects)," said Vivek Pathak, Director for East Asia & Pacific Department at the IFC. The projects he identified include development of urban transportation, waste-to-energy, water treatment and green building. Noting that more and more financial institutions have been issuing green bonds in India, he said: "There is increasing awareness. The solar and wind sector have done very well in India and I think the opportunities are going to be huge in India." However, identifying such projects for green bonds is a challenge everywhere and India is no different, he told reporters. Pathak was talking on the sidelines of the creation of .