ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
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.
