EIB & Yes Bank Partner For $400 Million Solar, Wind Funding In India
The European Investment Bank has partnered with a private Indian bank to provide debt funding to large-scale solar and wind energy projects in India.
Yes Bank
India’s Yes Bank Raises $50 Million Through Green Bond Issue
One of India’s leading names in the green bonds market is raising funds through the private placement of debt instruments aimed at financing low-carbon infrastructure. Yes Bank, a private bank headquartered in the western Indian state of Maharashtra, recently announced that it will raise Rs 330 crore (US$49.5 million) by … [continued]
Indian Regulator Approves Rules To Issue, List Green Bonds
One month after proposing the first-ever rules of issuance and listing of green bonds at stock exchanges, an Indian regulator has finalised and approved the procedures. The Securities and Exchange Board of India (SEBI) has issued final guidelines on the issuance of green bonds, deciding that issuance and listing of … [continued]
Green Bonds Issuance Nears $40 Billion, Overtakes 2014 Total
The global green bonds market had another blockbuster month in November, issuing more green bonds than any month so far this year. According to the Climate Bonds Initiative, green bonds worth $7.4 billion were issued during November, topping the October total of $5.19 billion. With the November issuance, the cumulative … [continued]
India’s Yes Bank To List Green Bonds At London Stock Exchange
In another significant development in the budding Indian green bonds market, one of the country’s leading private banks has signed an agreement with the London Stock Exchange. Yes Bank, one of several of India’s private banks, recently signed an agreement with the London Stock Exchange (LSE) regarding the listing of … [continued]
China, India To Lead Green Bonds Market In Asia, Moody’s Reports
Global credit rating agency Moody’s expects a significant shift in the global green bonds market. Following the trend of faster growth in renewable energy capacity addition in developing countries, the global green onds market is also expected to see greater participation from developing economic like China and India, according to … [continued]
CLP India Raises $92 Million Through Green Bonds
A private renewable energy developer has successfully completed funding by raising $92 million through green bonds. CLP India recently announced that it raised Rs 600 crore ($92.3 million) through the issuance of corporate green bonds. The proceeds from the bond issue shall be used for expanding the company’s renewable energy … [continued]
India’s Yes Bank Raises $50 Million Through Second Green Bond Issue This Year
India-based Yes Bank has raised funds through a second green bond issue this year, delivering progress on its pledge to fund 5 GW renewable energy projects in India over the next few years. Yes Bank raised Rs 315 crore (~$49.2 million) from the International Finance Corporation (IFC) to fund renewable … [continued]
Reserve Bank Of India Notifies Renewable Energy Under Priority Sector Lending
In an attempt to align itself with the policy priorities of the Indian government, the Reserve Bank of India has revised the priority sector lending norms, and has accorded priority sector lending status for renewable energy. Other categories included under priority sector lending are agriculture; micro, small, and medium enterprises; export credit; education; social infrastructure and … [continued]
Indian Export-Import Bank Issues Country’s First Dollar Green Bond
The Indian government and Indian corporates have started taken measures to raise the potential billions of dollars required to reach the ambitious renewable energy targets. Indian Export-Import Bank sold $500 million of green dollar bonds with a yield of 2.75%. With a huge installed capacity target of 175 GW renewable … [continued]
