Exim Bank raises $50 million via socially responsible bond

By: |
Published: October 18, 2019 2:36:17 AM

The funds raised will be allocated to infrastructure projects in the Mekong Region including Cambodia, Myanmar and Vietnam. Exim Bank said it has been rated as ‘BBB-’ by Standard and Poor’s and ‘Baa2’ by Moody’s.

Exim Bank, socially responsible bond, market news, Dai-ichi Life Insurance Company, Export Import Bank of IndiaExim Bank said it has been rated as ‘BBB-’ by Standard and Poor’s and ‘Baa2’ by Moody’s.

Export-Import Bank of India (Exim Bank) said on Thursday that it has raised $50 million through ‘Socially Responsible Mekong Region Development Bond’, which it said has been exclusively placed with Dai-ichi Life Insurance Company. The 3-year bonds were issued at a fixed coupon of 2.385% per annum.

The funds raised will be allocated to infrastructure projects in the Mekong Region including Cambodia, Myanmar and Vietnam. Exim Bank said it has been rated as ‘BBB-’ by Standard and Poor’s and ‘Baa2’ by Moody’s.

Socially responsible investing, also known as ethical and green investing, refers to avoiding industries that negatively affect the environment and people, and supporting projects that directly aim to help address a specific social issue to achieve positive outcome.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Illegal CIS: Sebi asks G-Life India directors to refund Rs 26 crore to investors
2Sensex soars 453 points after Britain, EU reach Brexit deal, Nifty near 11,600; Yes Bank jumps 16%
3YES Bank rises over 17% after report of Sunil Mittal, Sunil Munjal showing stake buy interest