Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
News:State Bank of India(SBI) has raised $100 million in green bonds through private placement.
Facts:
- Green Bonds:They are fixed-income financial instruments issued for funding of specific projects which have positive environmental and climate benefits.
- Categories: SEBI has allocated eight categories as green projects: a) renewable energy b) clean transportation c) sustainable water management d) climate change e) energy efficiency f) sustainable waste management and g) land use and h) biodiversity conservation.
Additional Facts:
- Bonds:It is a debt instrument in which an investor loans money to an entity (typically corporate or government) which borrows the funds for a defined period of time at a variable or fixed interest rate.
- Private Placement:It is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market.
- Climate Bonds Initiative(CBI):It is an investor-focused not-for-profit initiative launched solely to mobilize a $100 trillion bond market for climate change solutions.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
