Ghaziabad Municipal Corporation lists first green bonds

• The country’s first green bonds, issued by Ghaziabad Municipal Corporation, were listed on BSE.
• Ghaziabad Municipal Corporation, a civic body in Uttar Pradesh, has raised Rs 150 crore through the issuance of green bonds and the proceeds will be utilized for the tertiary water treatment plant to benefit industries in Ghaziabad.

About Green Bonds

• A green bond is like any other regular bond but with one key difference: the money raised by the issuer are earmarked towards financing `green’ projects, i.e. assets or business activities that are environment-friendly. Such projects could be in the areas of renewable energy , clean transportation and sustainable water management.