Exim India launches country's first green bond

The Indian export financial institution prices a $500 million bond aimed at funding climate change projects as regional investor familiarity towards the instrument improves.

Exim India launches country's first green bond

The Export-Import Bank of India sold a $500 million five-year green bond late on Tuesday, buoyed by growing regional investor appetite for a scarce debt instrument targeting a good cause.

Rated Baa3BBB-, the Reg S-only offering priced at US Treasuries plus 147.5 basis points, which is 17.5bp tighter than its initial price guidance area, according to a term sheet seen by FinanceAsia. The bond has a coupon of 2.75%.


To continue reading, please login or register for free

Click for more on: exim india | bonds | green bonds | asia | india | financials

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...