Published: 19th Apr, 2024
Context
The Centre may borrow a total of ?20,000- 25,000 crore through sovereign green bonds in FY25.
About
What Are Green Bonds?
- Category: Debt Instruments
- Simply put, Green bonds are financial instruments that finance green projects and provide investors with regular or fixed income payments.
- Inception: The first green bond was issued in 2007 by the European Investment Bank, the EU’s lending arm.
- Issued by: Green bonds are the bonds issued by any sovereign entity, inter-governmental groups or alliances, and corporates.
- Aim: The proceeds of the bonds are utilized for projects classified as environmentally sustainable.
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