India's first blue bond set for launch next week, official says

India is preparing to issue its first blue bond next week, a 10‑year debt instrument aimed at financing projects that protect the country's marine environment. The issuing lender intends to raise about 600 crore rupees, with an additional 500 crore rupee greenshoe option that could increase the size if demand is strong.
For investors, the bond represents a new way to support sustainability while earning a fixed return. Because blue bonds are linked to specific conservation outcomes, they may attract interest from ESG‑focused funds and could set a benchmark for future financing of ocean‑related initiatives in India.
Market participants will be watching the subscription level, the final pricing and any regulatory clearances that come through. A well‑subscribed issue could encourage other issuers to follow suit, while a muted response might temper expectations for similar products in the coming months.
Excerpt from BusinessLine
India’s first maritime lender, Sagarmala Finance Corporation, plans to raise funds through the country’s maiden blue bond on September 28, its top executive said. The lender aims to raise 600 crore ($62.62 million), including a greenshoe option of 500 crore, through the sale of 10-year bonds, a provisional term…Read the original at BusinessLine
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