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IDBI Bank has launched USD green bond issue from Dubai centre

On Monday, the IDBI Bank has launched an issue of US dollar denominated green bonds through its Dubai branch.

IDBI said in a BSE filing that the bank will be utilizing the proceeds to fund new and existing green projects.

“IDBI Bank has launched the US dollar five year green bonds issue, the issue of the green bond is through its Dubai International Financial Centre Branch.”

It further added that “the issuer will use the net proceeds from the sale of the notes to fund, or reimburse the issuer for its funding of, certain new and existing eligible green projects.”

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