Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has issued its maiden Euro Green Bond.<\/span><\/p>\n It is the first-ever Euro denominated Green bond<\/strong> issuance from India.<\/span><\/p>\n Moreover, it is the first-ever Euro issuance by an Indian NBFC and the first Euro bond issuance from India since 2017.<\/span><\/p>\n The issuance saw strong participation from institutional investors across Asia and Europe with participation from across 82 accounts and was oversubscribed 2.65 times.<\/span><\/p>\n A <\/span>green bond <\/span><\/a>is like any other bond where a debt instrument is issued by an issuer for raising funds from investors. However, what differentiates a Green bond from other bonds is that the proceeds of a Green Bond offering are ‘ear-marked’ for use towards financing \u2018green\u2019 projects. <\/span> The Green Bonds may <\/span>come with tax incentives such as tax exemptions and tax credits to attract investors.\u00a0<\/b><\/p>\n The World Bank<\/strong> is a major issuer of green bonds. It has issued 164 such bonds since 2008, worth a combined $14.4 billion.<\/span><\/p>\n In India<\/strong>, <\/span>YES Bank was the first bank to issue green bonds<\/strong> in 2015 for financing renewable and clean energy projects.<\/span><\/p>\n Ghaziabad Municipal Corporation<\/strong>, a civic body in Uttar Pradesh, has become India’s first municipal corporation<\/strong> to successfully list the country’s first green municipal bonds on the Bombay Stock Exchange (BSE) in April 2021.<\/span><\/p>\n Source: <\/b>This post is based on the article<\/span> \u201c<\/b>PFC issues India\u2019s first-ever Euro Green Bond<\/b>\u201d <\/b>published in PIB <\/b>on 16th September 2021.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has issued its maiden Euro Green Bond. What is a Euro Green Bond? It is the first-ever Euro denominated Green bond issuance from India. Moreover, it is the first-ever Euro issuance by an Indian NBFC and the first Euro… Continue reading PFC issues India\u2019s first-ever Euro Green Bond<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[8257,9809,9157,4074],"class_list":["post-134861","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-bonds","tag-euro-green-bonds","tag-financial-instruments","tag-green-bonds","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700785849,"cached_date":1704723045},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/134861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=134861"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/134861\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=134861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=134861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=134861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is a Euro Green Bond?<\/b><\/h5>\n
What is Green Bond?<\/b><\/h5>\n
\n<\/span><\/p>\n