Axis Bank Launches Certified Green Bond At LSE

Posted By: Religare
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Leading private bank, Axis Bank has said that it has raised USD 500 million at the London Stock Exchange after it launched India's first internationally-listed certified green bond to finance climate change solutions around the world.

Axis Bank Launches Certified Green Bond At LSE
Axis Bank: Quotes, News
BSE 590.25BSE Quote6.55 (1.11%)
NSE 590.25NSE Quote5.45 (0.92%)

One of India's leading private sector capital markets banks opened trading at the London Stock Exchange (LSE) with the bond, which is certified by the Climate Bonds Standards Board and raised USD 500 million.

Axis Bank said the proceeds of the bond will be invested in green energy, transportation and infrastructure projects, reinforcing India's commitment to produce 175,000 MW of renewable power by 2022.

Commenting on the issue, Nikhil Rathi, CEO of London Stock Exchange PLC and Director of International Development, London Stock Exchange Group said, "London Stock Exchange is a world leader in green bond listings, home to international green finance from India and China. In partnership with the UK government, we remain committed to building London as the premier centre for green bond issuance and green finance and look forward to further collaboration with Axis Bank, as it continues to strengthen its presence in the UK and globally."

Meanwhile, shares of the bank were trading at Rs 534.80 apiece, up 0.13 per cent from the previous close at 09:31 hours on BSE.

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