Mumbai, June 9: Axis Bank opened trade at London recently to celebrate the bank’s landmark issuance of Asia’s first intertiolly listed certified green bond on London Stock Exchange. The bond certified by the Climate Bonds Standards Board, raised USD 500 million. It is the first green bond for Axis Bank within its USD 5 billion Medium Term Note (MTN) programme, which has additiolly listed its entire MTN programme in London. The proceeds of the bond will be invested in green energy, transportation and infrastructure projects, reinforcing India’s commitment to produce 175,000 MW of renewable power by 2022.
To celebrate the listing, Nikhil Rathi, CEO, London Stock Exchange plc & Director of Intertiol Development, London Stock Exchange Group welcomed, Alok Sharma MP, Prime Minister’s Infrastructure Envoy to the UK and Shikha Sharma, Maging Director & CEO of Axis Bank to open trading in London this morning. On this Shikha Sharma, Maging Director & CEO of Axis Bank said, “We, at Axis Bank, have always demonstrated our commitment to fostering a green and sustaible environment through our various initiatives. In addition to putting in place ‘sustaible lending’ practices on the lending side, Axis has also taken measures at its corporate office and branches to promote a green footprint. To further progress on this journey, Axis Bank launched and successfully completed the first certified Green Bond issue, the issue we are pleased to list on the London Stock Exchange today. The encouraging response to this issue is reflective of the keenness of global investors to promote and support a sustaible environment and also acknowledge Axis’s credibility in this space.” To date, there are 31 green bonds on London Stock Exchange, including those denomited in Rupees and Renminbi, which have raised over USD 7 billion. This was stated in a press release.