YES Bank’s efforts for climate finance have been hailed on international forum. The bank launched the country’s first ever Green Infrastructure Bonds. The market’s strong reception to the bond issue sent a strong signal that the markets ready to fund climate finance.
Following its success, the International Finance Corporation has listed its first Green Masala Bonds on the london Stock Exchange for USD 50 million, to be invested in YES BANK’s green financing efforts. The success of such ‘climate aligned bonds’ open opportunities provide the ideal impetus for the Indian banking sector to build on its success and mobilize investments towards a low carbon economy.