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World Bank’s first Green Bonds Denominated in Indian Rupee

World Bank’s first Green Bonds Denominated in Indian Rupee

The subscription period for the first green bond denominated in Indian Rupee (INR) issued by the World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P)has closed . The INR 348.5 million green bonds were sold to Japanese retail investors during the subscription period from January 13 to January 28, 2015. Crédit Agricole was the sole underwriter for this transaction.