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IRFC’s Green Bonds: India INX lists 1st Debt Security at IFSC

Published on January 16, 2018
Gujarat located BSE's India International Exchange (INX) has listed Indian Railway Finance Corporation’s (IRFC) green bond on its debt listing market- the global securities market making it first debt securities to be listed on an exchange at International Financial Services Centre.

IRFC’s Green Bonds: India INX lists 1st Debt Security at IFSC
India INX’s GSM segment is India’s first debt listing platform that allows raising funds in any currency of choice by both foreign and Indian issuers from investors across the world.

What are green bonds?

A green bond is similar to other regular bond but the money raised by the issuer are designated towards financing `green' projects, i.e. assets or business activities that are environment-friendly.  
In 2007, green bonds were launched by development banks such as the European Investment Bank and the World Bank. In India, Yes Bank was the first bank to come out with a issue worth Rs 1,000 crore in 2015.

What is IRFC?

Indian Railway Finance Corporation is a finance arm of the Indian Railway which raises financial resources for expansion and running through capital markets and other borrowings
IRFC had last year raised USD 500 million from the 10- year green bond from investors in Asia, Europe and offshore US through listing on the London Stock Exchange (LSE). 
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