IANS | 11 Jan, 2023
The Export Import Bank of India (Exim Bank) has raised $1 billion
issuing 10-year Sustainability Bond under its Environmental Social
Governance (ESG) Framework, the bank said.
According to
the Exim Bank, the net proceeds of Sustainability Bond will be used
towards eligible projects under the Bank's ESG Framework, including
renewable energy; clean transportation; access to essential services and
basic infrastructure; affordable housing; and sustainable water and
wastewater management.
This issuance makes India Exim Bank the
first Indian issuer to open the markets for dollar and sustainability
bond issuances in 2023.
"This USD 1 bn issuance is testimony to
our commitment towards sustainable financing both in India and partner
developing countries, and to align ourselves with the global best
practices," Harsha Bangari, Managing Director said.
