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More than $6 bn green bond issues still stuck due to rising interest rates

Green bonds are normal bonds, but the proceeds are used for renewable energy projects, or for services that are ecologically sustainable

More than $6 bn green bond issues still stuck due to rising interest rates
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Anup Roy Mumbai
Green bonds of huge amounts from India are stuck because of rising interest rates and global uncertainties, even as the country’s largest lender, SBI, is in the process of going through its maiden issue of green bonds of at least $500 million. According to analysts tracking such bonds, the renewable energy sector alone can offer bonds of $3-4 billion. SBI’s plan is to raise another $3 billion through such bonds.

To date, Indian companies have raised about $5.4 billion through green bonds in the overseas markets, and about Rs 66.55 billion through domestic issuances. 

No green bond was issued this

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