State Bank of India has listed green bonds of $100 million (about Rs 750 crore) on BSE’s India International Exchange (India INX). The bank has listed green bonds under its USD 10 billion global medium-term note programme on India INX’s Global Securities Market Green Platform (GSM).
Click Here To Get Test Series For SBI PO 2020
SBI has adopted the green bond framework with the objective of creating a positive impact on the environment & this transaction is considered as part of the sustainability journey. The funds raised by green bonds are used to finance green projects that do not discharge toxic elements.
What is Green Bond?
Green Bond is a type of fixed income instrument that is specifically reserved for raising money to climate & environmental projects so as to encourage sustainability. It is comparatively an attractive investment than a comparable taxable bond, as it provides tax incentives such as tax exemption and tax credits.
Important takeaways for all competitive exams:
Have you ever noticed that forests have their own protectors? Nature creates a balance where…
Ever wondered why winters in India feel cool but not extremely freezing? Nature has placed…
Did you know one of the world’s most famous literary awards started with a quiet…
The National Cooperative Development Corporation (NCDC) is implementing two major initiatives—Yuva Sahakar Scheme and Swayamshakti…
The PNB LUXURA Metal Credit Card is a premium credit card launched by Punjab National…
The Karnataka government has announced the rollout of an automatic property mutation system, a major…