In January, the government of Hong Kong announced Apac’s largest US dollar green bond issuance to date. It has since made headlines with other innovative green bond deals.
Issues around capital gains tax and settlement rules need to be addressed before Indian debt is included in global indices, say experts. Following this, India could attract additional inflows of up to $40 billion.
Bank of Communications' new offshore issue follows updated guidelines from country’s regulator and could pave the way for similar issuance from other domestic banks.