India Inc set to raise $3 bn through green, ESG issuances by December

After a brief hiatus in 2020 due to the Coronavirus (Covid-19) pandemic, Indian companies are hitting bond street to raise funds via green and environment, social, governance (ESG) issuances, raising over $6 billion so far in 2021, with another $3 billion in the pipeline by the end of the year, bankers involved with such transactions said.

Power Finance Corporation (PFC) is planning to come up with Euro denominated green bond issuances, and has appointed bankers including Barclays, Standard Chartered, for investors in Europe and Asia. Last week Adani Green Energy Ltd raised $750 million via green bonds through a three-year