India’s chairman Naina Lal Kidwai has announced to launch ’green bonds’ in India. The ‘Green bonds’ aimed to raising funds for investments in environmental projects. Announcement was done by HSBC chairman in a Ficci event that held on 3 August 2015.The total investment attracted by the ‘Green Bonds’ in last 2 years is 37 million dollars. HSBC is the 4th largest issuer in the world.’Green Bonds’ in India was initially launched by the Axis Bank and Yes Bank in February 2015 that attracted investment of 1000 crore rupees against the target of 500 crore rupees.
What is ‘Green Bond’:
A ‘Green bond’ is a debt instrument with which a bond issuer gets capital while the investors receive the fixed income form interest.The issuer of ‘green bond’ gets capital from investors only if the investment is being raised to fund ‘green’ projects relating to renewable energy or emission reductions etc.
HSBC India has plans to launch ‘green bonds’ for raising funds for investment
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