NABKISAN Lists India’s First WASH-Focused Social Bond

About NABKISAN Lists India’s First WASH-Focused Social Bond

• A social bond is a debt instrument through which funds are raised for projects intended to address a specific social issue.
• India’s first Social Bond dedicated exclusively to the Water, Sanitation and Hygiene (WASH) sector has been listed by NABKISAN Finance Limited on the National Stock Exchange (NSE), Mumbai.
• NABKISAN has raises Rs. 180 crore through this WASH-focused social bond.
• Duration: It is a five-year bond.
  • It carries an 8.10 per cent coupon and will mature in September 2031.
• Rating: It has been rated CRISIL AAA (Stable) and CARE AAA (Stable).
• Purpose: The proceeds will be deployed to expand access to safe water, sanitation and hygiene solutions across rural and underserved communities, contributing to improved health, livelihoods and quality of life.

About NABKISAN Finance Limited (NKFL) NABKISAN Finance Limited is a subsidiary of the National Bank for Agriculture and Rural Development (NABARD). It is notified as a Non-Banking Finance Company (NBFC) by RBI.  It was incorporated in 1997 under the Companies Act, 1956. It lends to mid-sized NBFCs and microfinance institutions, enabling them to reach rural and grassroots borrowers. The lending supports MSMEs, microfinance, individuals, agriculture, allied activities, and rural housing. Its key focus area is also to promote and extend financing to Farmer Producer Organizations (FPOs).