NABARD Issues India's First AAA Rated INR Social Bonds Worth Rs 1,040 cr | Business Upturn

NABARD Issues India’s First AAA Rated INR Social Bonds Worth Rs 1,040 cr

The National Bank for Agriculture and Rural Development (NABARD) issued its inaugural social bonds with a total size of Rs 1040.50 crore on Wednesday.

Kolkata, Sep 27 : The National Bank for Agriculture and Rural Development (NABARD) issued its inaugural social bonds with a total size of Rs 1040.50 crore, NABARD said on Wednesday.

This landmark move marks the first externally certified AAA rated INR social bonds in the country.

Advertisement

Bonds were issued privately to eligible institutional investors on 26th September between 10:30 Am – 11:30 Am.

These bonds are set to be listed on the Bombay Stock Exchange (BSE) on September 29, 2023.