London Stock Exchange today welcomes Indian Renewable Energy Development Agency’s (IREDA) first green Masala bond. The five year dated green Masala bond raised approximately $300 million (INR 19.5 billion) with a coupon of 7.125 per cent and becomes the first green Masala bond to be listed on London Stock Exchange’s International Securities Market (ISM). The green bond is certified by Climate Bonds Initiative, an international, investor-focused not-for-profit, which helps build robust and transparent assurance frameworks around green bond investment.
