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PFC issues India’s first-ever Euro Green Bond

  • Integrity Education, Delhi
  • 17, Sep 2021
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  • Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully issued its maiden Euro 300 million 7-year Euro Bond issuance
  • It is the first ever Euro denominated Green bond issuance from India.
  • Moreover, it is the first ever Euro issuance by an Indian NBFC
  • These Green Bonds are regulated by European Union Commission hence they are referred to as Euro Green Bonds.

What is Green Bond

  • A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.
  • These bonds are typically asset-linked and backed by the issuing entity's balance sheet, so they usually carry the same credit rating as their issuers’ other debt obligations.​
  • Bonds traditionally paid a fixed interest rate (coupon) to investors.
  • The World Bank is a major issuer of green bonds

About PFC

  • PFC is under the administrative control of the Ministry of Power.
  • PFC was conferred the title of a 'Navratna CPSE' in June,2007, and was classified as an Infrastructure Finance Company by the RBI on 28th July,2010.