Axis Bank lists Asia’s first certified Green Bond on London Stock Exchange
It is the first green bond for Axis Bank within its USD 5 billion Medium Term Note (MTN) programme, which has additionally listed its entire MTN programme in London. The proceeds of the bond will be invested in green energy, transportation and infrastructure projects, reinforcing India’scommitment to produce 175,000 MW of renewable power by 2022.
To celebrate the listing, Nikhil Rathi, CEO, London Stock Exchange plc & Director of International Development, London Stock Exchange Group welcomed,Alok Sharma MP, Prime Minister’s Infrastructure Envoy to the UK and Shikha Sharma, Managing Director & CEO of Axis Bank to open trading in London this morning.
Shikha Sharma, Managing Director & CEO of Axis Bank: “We, at Axis Bank, have always demonstrated our commitment to fostering a green and sustainable environment through our various initiatives. In addition to putting in place 'sustainable lending' practices on the lending side, Axis has also taken measures at its corporate office and branches to promote a green footprint. To further progress on this journey, Axis Bank launched and successfully completed the first certified Green Bond issue, the issue we are pleased to list on the London Stock Exchange today. The encouraging response to this issue is reflective of the keenness of global investors to promote and support a sustainable environment and also acknowledge Axis's credibility in this space. The ease of the listing process and breadth of investors seen in this bond issuance demonstrates the role London Stock Exchange can play in supporting India's financing needs.”
Nikhil Rathi, CEO, London Stock Exchange plc & Director of International Development, London Stock Exchange Group, said:“Axis Bank is a long standing and distinguished equity issuer on London Stock Exchange, and has been an instrumental partner in the IFC’s masala bond programme devoted to developing infrastructure in India. It is therefore no surprise that Axis Bank is taking a global leadership role today, with the successful issuance of the first internationally listed certified green bond from India. We are honoured to welcome this landmark issuance, which builds on the far-reaching announcements made during Prime Minister Modi’s visit strengthening financial ties between the UK and India."
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
