India to Ease Overseas Funds’ Access to $1.2 Billion Green Debt
- 10-year green notes issued in fiscal second half will join FAR
- Government sold only a portion of planned green debt this year
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India made 100 billion rupees ($1.2 billion) of green bonds eligible for potential inclusion in JPMorgan Chase & Co.’s flagship emerging market debt index, suggesting officials are looking to push sustainable capital raising.
Environmentally friendly notes with a 10-year maturity to be issued in the second half of the 2024-2025 fiscal year will be included in the index-eligible fully accessible route category, the central bank said in a statement late on Thursday, without offering a reason. A spokesman for the Reserve Bank of India didn’t respond to a request for comment.