Sagarmala Finance to Launch India’s Maiden Blue Bond
India will see its maiden blue bond issue as Sagarmala Finance Corporation seeks to raise funds via a 10-year bond issuance scheduled to be held on September 28, 2026. The maritime bank seeks to raise ₹600 crore in funds, ₹500 crore from greenshoe option, per provisional term sheet issued by the organization. The fund-raising will seek to finance projects within the maritime sector including greenfield port facilities and coastal road networks. The move signals a new financing avenue for water-linked infrastructure projects in India.
Blue bonds refer to financial instruments that are meant to generate funds for initiatives associated with the sustainability and preservation of marine and water resources.
They can be used in various areas, including,
The idea is just like the green bonds except that blue bonds are focused on water and marine activities.
| Details | Description |
| Issuer | Sagarmala Finance Corporation |
| Date of Issue | September 28, 2026 |
| Planned Amount | ₹600 crore |
| Green shoe option | ₹500 crore |
| Maturity | 10 years |
| Rating | AA+ rating from ICRA and CARE |
| Arranger | SBI Capital Markets |
| Primary Purpose | Maritime financing, Greenfield ports and Coastal road financing |
According to Managing Director LVS Sudhakar Babu, money raised from the issue will be used for loaning to the maritime industry, greenfield port developments and coastal roads construction projects. This money is expected to be invested in the current financial year.
Also, the company has approached large insurance companies and provident fund organizations to take part in the issuance of blue bonds. Bidders would be invited to offer their coupons and commitment bids.
This decision comes after many Indian organizations have started looking at the option of blue bonds as a funding method.
As reported by Reuters, Vadodara Municipal Corporation from Gujarat is planning to issue a blue bond worth about ₹200 crore.
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