Page 3 - Green Bonds
Govt likely to issue green bonds in Jan-March quarter: MoS Finance
Sovereign Green Bonds are likely to be issued during the January-March period of the current fiscal, Minister of State for Finance Pankaj Chaudhary said on Tuesday. The objective of Sovereign Green Bonds is to mobilize resources for green infrastructure as part of the government's overall market borrowings in 2022-23, he said in a written reply in the Rajya Sabha. "The framework for these bonds has been brought out. The bonds are likely to be issued from January to March 2023. The proceeds will be deployed in public sector projects which help in reducing carbon intensity of the economy," he said. Replying to another question, he said the value of the Indian rupee is market-determined. As global spillovers from geo-political tensions and aggressive monetary policy tightening across the world intensified alongside a surge in crude oil prices, the US dollar strengthened by 7.8 per cent in the financial year (till November 30), he said. While the rupee has witnessed a depreciation of
 "Govt likely to issue green bonds in Jan-March quarter: MoS Finance")
Green yields
Transparency will be critical for green bonds
 "Green yields")
Top headlines: Twitter blue check chaos, G20 Delhi summit, and more
Business Standard brings you the top headlines this hour
 "Top headlines: Twitter blue check chaos, G20 Delhi summit, and more")
RBI targets selling first batch of green bonds as early as December
Reserve Bank of India, the nation's debt manager, is preparing to sell its first ever batch of sovereign green bonds as early as next month, according to people with knowledge of the matter
 "RBI targets selling first batch of green bonds as early as December")
Govt to finance green bond projects and initiatives under 9 categories
Proceeds will be deposited in the Consolidated Fund of India
 "Govt to finance green bond projects and initiatives under 9 categories")
Govt may release green bond framework today; financing under 9 categories
Proceeds from green bond issuances will be deposited in the Consolidated Fund of India
Rs 16K-crore green bond framework to cover funding across sectors
The framework is expected to cover funding of green and sustainable infrastructure across sectors such as roads, railways, urban transportation, and even agriculture and social sector
Adani Group considers raising $10 bn debt in lower-cost debt, green bonds
Gautam Adani's group is looking to raise at least $10 billion in new debt over the next year as his conglomerate seeks to refinance its high-cost borrowings and fund projects in the pipeline
 "Adani Group considers raising $10 bn debt in lower-cost debt, green bonds")
State-owned NBFCs looking to tap into India's first sovereign green bonds
The finance ministry is yet to confirm their participation and draw broad contours of the bond issuance
Transition Bonds poised to hit $1.5 trillion: Climate Bonds Initiative
The market for these new securities is set to hit $1.5 trillion by the end of the decade, up from just $12 billion, according to the Climate Bonds Initiative, the world's No. 1 certifier of green debt
 "Transition Bonds poised to hit $1.5 trillion: Climate Bonds Initiative")
Sovereign Green Bonds: What lessons can India draw from other nations
As of mid-2022, there are 26 countries with combined volumes of $227 billion in sovereign green debt
Adani, Tata Power plan to raise $1.3 bn in green bonds for new projects
Adani Green to launch $1 bn bond by December; Tata Power to raise $320 mn this month
 "Adani, Tata Power plan to raise $1.3 bn in green bonds for new projects")
Centre cuts FY23 borrowing target by Rs 10k cr amid robust tax collections
The government will borrow Rs 5.92 trillion, or 41.6 per cent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore
 "Centre cuts FY23 borrowing target by Rs 10k cr amid robust tax collections")
Decoded: What are green bonds and how much will be the govt issue?
Green bonds are debt instruments the proceeds of which are utilised to finance projects that are beneficial to the environment
Govt draws up plans to address concerns of green bond investors
A government official aware of the developments said the treatment for such bonds had to be different from that for the money raised through various types of cess
India is counting on debut sovereign green bond to lower financing costs
The govt has developed a framework to sell the debt in line with widely-used principles from the International Capital Market Association, and is also liaising with the World Bank over best practices
 "India is counting on debut sovereign green bond to lower financing costs")
Top headlines: Centre's cap on green bond issues, RBI's message, and more
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Centre may cap upcoming first green bond issues at Rs 25,000 crore
Green bond proceeds will be used to fund projects which will help India meet COP commitments
Currency turmoil risks undermining India's debut sovereign green bond
The currency has slumped more than 45 this year amid concern the RBI is behind the curve in tackling inflation, with elevated crude oil prices adding to pressures on the net
 "Currency turmoil risks undermining India's debut sovereign green bond")
PFC lists 300-million euro green bonds on Luxembourg Stock Exchange
PFC Chairman and Managing Director (CMD) RS Dhillon rang the bell at the listing ceremony held in GIFT IFSC Gujarat on Wednesday, the company said in a statement
 "PFC lists 300-million euro green bonds on Luxembourg Stock Exchange")
