Positive impactStocks
Nabard subsidiary Nabkisan lists India’s first WASH social bond; raises ₹180 crore
BusinessLine 1 hr ago·2 Oct 2026, 12:26 pm
Nabard’s subsidiary Nabkisan has become the first issuer in India to list a WASH (water, sanitation and hygiene) social bond, raising about ₹180 crore. The bond was oversubscribed by 1.8 times, indicating strong demand from investors.
The listing signals growing interest in ESG‑linked financing in the Indian market. Funds raised are earmarked for projects that improve access to clean water and sanitation, sectors that align with government priorities and can generate stable, impact‑driven returns. For investors, the bond adds a new asset class that blends social impact with fixed‑income characteristics.
Going forward, market participants will watch how the bond performs after issuance, whether other financial institutions follow suit with similar social bonds, and any regulatory guidance that could shape the ESG bond market in India.
Excerpt from BusinessLine
Nabkisan Finance Ltd, a subsidiary of Nabard, has listed India’s first social bond dedicated exclusively to the water, sanitation and hygiene (WASH) sector on the National Stock Exchange (NSE), raising ₹180 crore to finance projects in rural and underserved communities. The issue received strong investor interest and…Read the original at BusinessLine
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