Avaada Energy raises Rs 14.4 billion through green bonds

Avaada Energy, a solar project developer in India, has announced that it will raise Rs 14.4 billion in green bonds in the Indian capital market at a rate of 6.75 per cent, making it the country’s largest AAA-rated green bond by any renewable energy developer. The bonds are certified by Climate Bonds Standard Board of the Climate Bonds Initiatives and comply with the SEBI criteria for Green Debt Securities. The bonds will be listed on the Bombay Stock Exchange (BSE) and will have a three-year maturity period.

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