Page 5 - Green Bonds
Sustainable bond issuance volumes of FIs, DBs to approach $300 bn in 2021
According to Moody's Investor Service, this expectation is based on the average annual rate of growth in green bond issuance since 2015
 "Sustainable bond issuance volumes of FIs, DBs to approach $300 bn in 2021")
ReNew Power plans to raise $575 million in green bonds this year
Such fundraising by Indian companies has hit close to $5 billion in 2021 so far
 "ReNew Power plans to raise $575 million in green bonds this year")
Hero Future Energies first USD Green Bond fetches $3 billion orders
The company will use the proceeds of the proposed notes to subscribe to Indian rupee-denominated external commercial borrowing (INR ECB) bonds
 "Hero Future Energies first USD Green Bond fetches $3 billion orders")
ReNew Power prices its green bonds at 4 per cent, say sources
The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by ReNew Power
 "ReNew Power prices its green bonds at 4 per cent, say sources")
Continuum green bond issue shows global players vying for India infra pie
Continuum Wind Energy's six-year bond of $560 mn got over $3 bn pre-order bids on opening in US. Initial price guidance was 4.875%, issue rate could be as low as 4.5%
 "Continuum green bond issue shows global players vying for India infra pie")
ReNew Power to raise $460 mn in green bonds to finance domestic debt
ReNew Power this way gets shielded from exchange rate volatility, while the FPI hedges its exposure
 "ReNew Power to raise $460 mn in green bonds to finance domestic debt")
Global green bond issuance hit new record high last year at $269.5 billion
Green bonds are a growing category of fixed-income securities that raise capital for projects with environmental benefits
 "Global green bond issuance hit new record high last year at $269.5 billion")
Volkswagen follows Daimler with green-bond cost savings in debut deal
The maker of VW and Audi brand cars sold 2 billion euros ($2.4 billion) of green bonds divided between eight-year and 12-year tranches
 "Volkswagen follows Daimler with green-bond cost savings in debut deal")
Data tagging absent in green finance despite rising demand: Study
Climate Policy Initiative, a global analysis and advisory organisation specialising in sustainable finance, is planning to launch a portal to track such investment in the country
SBI raises $100 mn via green bonds amid volatile market conditions
The bond issue was done through private placement.
 "SBI raises $100 mn via green bonds amid volatile market conditions")
Green bond sub-component issuance will reach $300 bn this year: Moody's
With climate change becoming a big issue, these bonds will soon find wider acceptance globally
 "Green bond sub-component issuance will reach $300 bn this year: Moody's")
NTPC likely to raise funds through green bonds for THDCIL, NEEPCO stake
Proceeds from green bonds are used to finance clean and green and environment-friendly infrastructure
 "NTPC likely to raise funds through green bonds for THDCIL, NEEPCO stake")
After green bonds in Canada, Brookfield eyes renewable biz in India, Brazil
Brookfield is one of the most active players in the green debt markets in North America
 "After green bonds in Canada, Brookfield eyes renewable biz in India, Brazil")
Adani Group firm raises $362.50 million through 20-year green bonds
Funds will be used to retire foreign currency and rupee loans; balance will go towards capex and other purposes
 "Adani Group firm raises $362.50 million through 20-year green bonds")
IFC sees green bond scope in India, says project identification only issue
The International Finance Corporation (IFC) sees immense opportunities to finance projects through green bonds in India especially in areas like urban transportation, waste-to-energy and water treatment, its senior official said here Tuesday. "Opportunities in India are huge. Look at infrastructure and amount of urbanisation and the level of agriculture (projects)," said Vivek Pathak, Director for East Asia & Pacific Department at the IFC. The projects he identified include development of urban transportation, waste-to-energy, water treatment and green building. Noting that more and more financial institutions have been issuing green bonds in India, he said: "There is increasing awareness. The solar and wind sector have done very well in India and I think the opportunities are going to be huge in India." However, identifying such projects for green bonds is a challenge everywhere and India is no different, he told reporters. Pathak was talking on the sidelines of the creation of .
 "IFC sees green bond scope in India, says project identification only issue")
Green bond yields rising sharply in secondary market: All you need to know
Green bonds have a huge demand, but at a time of global uncertainties, investors are asking for an 'uncertainty premium' for lower rated and niche players.
 "Green bond yields rising sharply in secondary market: All you need to know")
More than $6 bn green bond issues still stuck due to rising interest rates
Green bonds are normal bonds, but the proceeds are used for renewable energy projects, or for services that are ecologically sustainable
 "More than $6 bn green bond issues still stuck due to rising interest rates")
Indian companies warm up to green bonds
Issuance from India was to the tune of $1.95 billion in the September quarter
 "Indian companies warm up to green bonds")
Green bonds become flavour of the season as companies go on financing spree
Green bonds refer to bonds issued mainly by power companies to finance energy efficient projects
 "Green bonds become flavour of the season as companies go on financing spree")
IFC invests in L&T Infrastructure Finance via 1st Sebi-approved green bond
In its statement, IFC said India needs $2.5 trillion to meet its climate change mitigation targets
 "IFC invests in L&T Infrastructure Finance via 1st Sebi-approved green bond")
