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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

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