Power Finance Corporation (PFC) issues India’s first-ever Euro Green Bond

Power Finance Corporation Ltd (PFC) has successfully issued its maiden Euro 300 million 7 year Euro Green Bond issuance on September 13. The pricing of 1.841 percent achieved is the lowest yield locked in by an Indian issuer in the Euro markets.

This Euro Green Bond is the first-ever Euro-denominated Green bond issuance from India. It is also the first-ever Euro issuance by an Indian NBFC.