India's Green Bonds Attract Investors with Stable 'Greenium'
Summary
- India sold 50 billion rupees ($524 million) of 30-year sovereign green bonds.
- The sale was made at a 'greenium' of four basis points, indicating a premium for environmentally friendly investments.
- This averages out to a four basis point premium for the fiscal half-year, the highest since such sales began.
Key Facts
- · 50 billion rupees sold in sovereign green bonds
- · 30-year tenure of the bonds
- · Four basis points 'greenium'
- · Highest average premium since sales began in fiscal 2023
Why it matters
The stable 'greenium' underscores investor appetite for environmentally friendly investments, supporting India's efforts to finance sustainable projects.
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