WHY IN THE NEWS?

• The leading power sector NBFC, Power Finance Corporation Ltd (PFC), successfully issued its maiden Euro Green Bond. The 7-year Euro 300 million Bond has been priced at 1.841 per cent.
• This Euro Green Bond is the first-ever Euro denominated Green bond issuance from India. It is also the first-ever Euro issuance by an Indian NBFC. With the issuance, PFC has also forayed into the European market for its international fundraising.