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India's First Green Bond Sale To Command 'Greenium': Report
The centre plans to raise 160 billion rupees through green bonds for the current fiscal. The government plans to raise 160 billion rupees through green bonds for the current fiscal ending March 31, with the first tranche of 80 billion rupees scheduled for auction on Wednesday. The Ministry of Finance did not respond to an email from Reuters seeking comments. The outstanding (amount)will be quite small initially and, because of the nature, we may see a bit of aggressive demand," said Ashish Agrawal, head of FX and EM macro strategy research, Asia, Barclays. The categories are based on priority and ratings according to a global framework. The interest and principal payments of the bonds are not conditional on the performance of the projects and investors do not bear any project-related risks, according to the framework released by the government in November. Source - https://www.ndtv.com/business/indias-first-green-bond-sale-to-command-greenium-on-strong-demand-sources-3719143#pfrom=home-business_topstories
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