NE BUSINESS BUREAU
MUMBAI, APRIL 2
BSE’s India International Exchange (India INX) on Thursday said state-owned State Bank of India (SBI) has listed green bonds of USD 100 million (about Rs 750 crore) on its debt listing platform.
The bank has listed green bonds of USD 100 million under its USD 10 billion global medium-term note programme on India INX’s Global Securities Market Green Platform (GSM), the exchange said in a statement.
“The issuance has been done in very challenging market conditions. We welcome SBI’s green bond issuance on our GSM platform,” India INX MD and CEO V Balasubramaniam said
The State Bank of India (SBI) has earlier also listed its maiden green bond issuance on India INX of USD 650 million, he added.
SBI Chairman Rajnish Kumar said, “It is an extremely important transaction for the country especially in this critical situation. We believe this issuance will reassure confidence in the country’s strength in the international bond market”.
“We at SBI have adopted the green bond framework with an objective to create a positive impact on the environment and this transaction is yet another step as part of our sustainability journey,” he added.
Generally, funds raised through green bonds are used to finance green projects that do not emit toxic elements
Since the launch of Global Securities Market, it has been the leading listing platform for bonds at GIFT IFSC. The Global Securities Market platform of India INX offers fundraising guidelines at par with other international venues. MTNs established on India INX platform since launch in Jan 2018 aggregate to USD 48.5+ billion and listing of bonds more than USD 21.38+ billion. India INX is also the first introducer of the Green Securities Platform for issuance of green bonds.
