India's green bonds find footing as stable 'greenium' underscores investor appetite

AI Summary

India sold 50 billion rupees ($524 million) of 30-year sovereign green bonds, highlighting growing investor appetite and establishing a stable greenium of four basis points. This marks the highest premium recorded since the initiation of such sales in fiscal 2023.

New Delhi sold 50 billion rupees ($524 ⁠million) of 30-year sovereign green bonds, at a so-called greenium of four basis points on Friday, leading to an average premium of four bps ‌in the fiscal half-year, the highest since such sales began in the second half of fiscal 2023