IFC's green masala bond raises $49m

The issue on the offshore rupee market from the private lending arm of the World Bank is aimed at funding renewable energy projects by Indian lender Yes Bank.

International Finance Corporation (IFC), the World Bank’s private lending arm, has raised 3.15 billion rupees ($49.2 million) in its first green bond in the offshore rupee markets.

¬ Haymarket Media Limited. All rights reserved.

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