India’s first-ever Euro Green Bond
Part of: GS Prelims
In News: Power Finance Corporation Ltd (PFC), the leading NBFC in power sector has successfully issued its maiden Euro 300 million 7-year Euro Bond
- The pricing of 1.841% achieved is the lowest yield locked in by an Indian Issuer in the Euro markets.
- First ever Euro denominated Green bond issuance from India
- First ever Euro issuance by an Indian NBFC and the first Euro bond issuance from India since 2017.
News Source: PIB