Question: Which leading power sector has been issued India’s first-ever Euro Green Bond?
(a) Power Finance Corporation Ltd
(b) National Thermal Power Corporation Ltd
(c) Reliance Infrastructure Ltd
(d) None of these
Answer: (a)
Related Facts:
- Power Finance Corporation issues India’s first-ever Euro Green Bond.
- The European green bond is a voluntary standard to help scale up and raise the environmental ambitions of the green bond market.
- It is the first ever Euro issuance by an Indian NBFC and the first Euro bond issuance from India since 2017.
- What are Green Bonds?
- Green bonds work just like any other corporate or government bond.
- Borrowers issue these securities in order to secure financing for projects that will have a positive environmental impact, such as ecosystem restoration or reducing pollution.
BY: AMIT GUPTA