New Delhi, Oct. 3 -- NABKISAN Finance Limited, a subsidiary of the National Bank for Agriculture and Rural Development (NABARD), on Thursday listed India's first Social Bond dedicated exclusively to the Water, Sanitation and Hygiene (WASH) sector on the National Stock Exchange (NSE).
The five-year Social Bond issue, which received strong investor participation, was oversubscribed 1.8 times and enabled NABKISAN to raise Rs 180 crore. The bond carries a coupon rate of 8.10 per cent and is scheduled to mature in September 2031.
The issue has been assigned the highest domestic credit ratings of CRISIL AAA (Stable) and CARE AAA (Stable), reflecting the strong credit profile of the instrument.
The proceeds from the bond will be deployed to exp...