• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Manifest Learning Academy
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Foreign Affairs

India’s first-ever Euro Green Bond

September 17, 2021
in Foreign Affairs
Reading Time: 3 mins read
0
India’s first-ever Euro Green Bond
197
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook
image_pdfMake PDF

In news– Recently, Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has successfully issued its maiden Euro 300 million 7-year Euro Bond issuance.

Key updates-

  • It is the first ever Euro denominated Green bond issuance from India. 
  • Moreover, it is the first ever Euro issuance by an Indian NBFC and the first Euro bond issuance from India since 2017.
  • The pricing of 1.841 per cent achieved is the lowest yield locked in by an Indian issuer in the Euro markets.

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.  
  • The European green deal of 11 December 2019 underlined the need to better direct financial and capital flows to green investments. 
  • The European green deal investment plan of January 2020 announced that the Commission would establish an EU green bond standard (EUGBS).
  • EUGBS is a voluntary standard to help scale up and raise the environmental ambitions of the green bond market.

NextGeneration EU Green Bonds framework-

  • The NextGenerationEU Green Bond framework is a step forward towards enabling the Commission to issue up to some €250 billion green bonds, or 30% of NextGenerationEU’s borrowing.
  • The framework was prepared by the European Commission, which will issue the NextGenerationEU green bonds on behalf of the EU.
  • The framework provides information to investors about how their investments in green bonds will be used, and how the Commission intends to report on the use of proceeds.

The framework centres around four main pillars–

  1. Use of proceeds.  
  2. Process for expenditure evaluation and selection.  
  3. Management of proceeds. 
  4. Reporting.  

Power Finance Corporation Ltd. (PFC)-

  • Incorporated on July 16th, 1986, Power Finance Corporation Ltd. (PFC) is a Schedule-A Navratna CPSE.
  • It is a leading Non-Banking Financial Corporation in the country. 
  • PFC’s registered office is located at New Delhi and regional offices are located at Mumbai and Chennai.
  • It is under the administrative control of the Ministry of Power.
  • It is designated as a nodal agency for development of Integrated Power Development Scheme(IPDS), Ultra Mega Power Projects (UMPPs) and bid process coordinator for Independent Transmission Projects (ITPs)
  • PFC is also one of the promoters in Energy Efficiency Services Limited (EESL), with NTPC, Powergrid and REC being the other promoters.
image_pdfMake PDF
Source: PIB
Tags: PIBPrelims

Related Posts

The WTO Agreement on Fisheries Subsidies

The WTO Agreement on Fisheries Subsidies

January 25, 2023
Key takeaways from WEF -2023 annual meeting

Key takeaways from WEF -2023 annual meeting

January 23, 2023
Bhopal Declaration of G20

Bhopal Declaration of G20

January 21, 2023
China’s population drops for first time in 60 years

China’s population drops for first time in 60 years

January 18, 2023
UN blacklists Pakistan’s Abdul Rehman Makki

UN blacklists Pakistan’s Abdul Rehman Makki

January 17, 2023
NOTAM (Notice to Air Missions) system of US

NOTAM (Notice to Air Missions) system of US

January 12, 2023
US proposes student loan safety net

US proposes student loan safety net

January 11, 2023
India to preside over Asian Pacific Postal Union (APPU)

India to preside over Asian Pacific Postal Union (APPU)

January 6, 2023
USA’s new tax credit scheme for electric vehicles

USA’s new tax credit scheme for electric vehicles

December 28, 2022
Scotland’s new gender recognition Bill

Scotland’s new gender recognition Bill

December 26, 2022
Please login to join discussion

Our Offline Classroom Student

CONGRATULATIONS TO 2021 TOPPERS !!!

Rank 171 Kumar Shivashish
Rank 250 Sahithya
Rank 263 Sumit Kumar Thakur
Rank 311 Deepak Ramachandra Shet
Rank 455 Ravinandan B M

January 2023
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Dec    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tags

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Sports
  • Uncategorized

Browse by Tag

AIR All India Radio BBC Business Line Business Standard dow Down to Earth DownToEarth DTE Economic Times ET FAO Financial Express GS-1 GS-2 GS-3 GS-4 Hindustan Times IE India & the world Indian express Indiatoday India today Kurukshetra Livelihoods portal LiveMint Mains News News Paper Newspaper PIB Prelims PRS India RSTV Science Reporter Survey The Hindu The India Express The Indian Express The Print the wire Times of India TOI TOPPERS Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In