Axis Bank launches internationally listed certified green bond

Q.  Which bank has launched India’s first internationally listed certified green bond?
- Published on 14 Jun 16

a. HDFC
b. IDBI
c. Axis
d. None of the above

ANSWER: Axis
 
Axis Bank has raised $500 million at the London Stock Exchange after it launched India’s first internationally-listed certified green bond to finance climate change solutions around the world.
  • One of India’s leading private sector capital markets banks opened trading at the London Stock Exchange (LSE) with the bond, which is certified by the Climate Bonds Standards Board and raised $500 million.
  • Axis Bank said the proceeds of the bond will be invested in green energy, transportation and infrastructure projects, reinforcing India’s commitment to produce 175,000 MW of renewable power by 2022.
  • This is the first green bond for Axis Bank within its $5 billion Medium Term Note (MTN) programme, which has also listed entirely on LSE.

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