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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The state-owned lender’s successful issuance—and rare pricing advantage—signals India’s hesitant sustainable finance market may finally be maturing
Welcome to NetZero Now, a weekly newsletter from The Morning Context that covers the latest developments in the burgeoning energy, climate and cleantech ecosystem.
Bank of Baroda has done something no Indian bank has managed before: raise Rs 10,000 crore (~$1.2 billion) through green infrastructure bonds entirely in the domestic market.
The seven-year bond, issued on 4 March, carried a coupon of 7.10% per annum and drew bids worth Rs 16,415 crore—more than three times the base issue size of Rs 5,000 crore.
The oversubscription is the real story. It marks something of a turning point. India's green bond market …
