The IRFC listing marks the sixth green bond transaction on LSE by an Indian issuer and fourth on the new ISM. Photo: Ramesh Pathania/MintLondon: The Indian Railways’s financing arm today listed its first green bond on the London Stock Exchange with an aim to finance infrastructure for dedicated freight corridors and passenger transport in India. The 10-year dated green bond raised $500 million with an annual yield of 3.835% as it listed on the London Stock Exchange’s (LSE) new International Securities Market (ISM). The IRFC listing marks the sixth green bond transaction on LSE by an Indian issuer and fourth on the new ISM. In the same period, 23 green bonds have been listed in London, raising $9.4 billion, compared to 14 green bonds which raised $5.7 billion in 2016.

Source: Mint December 06, 2017 17:48 UTC