CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
India’s first Euro-denominated Green bond has been issued by which company?
A
Power Finance Corporation Ltd
B
Mahindra Finance
C
NLC India Limited
D
NHPC Limited
Explanation: 

Detailed explanation-1: -Power Finance Corporation Ltd Founded: 16 July 1986; Power Finance Corporation Ltd chairman and managing director: R S Dhillon.

Detailed explanation-2: -Power Finance Corporation (PFC) is currently trading at Rs 361.95, up by 3.40 points or 0.95% from its previous closing of Rs 358.55 on the BSE. The scrip opened at Rs 359.05 and has touched a high and low of Rs 363.10 and Rs 359.05 respectively. So far 2437 shares were traded on the counter.

Detailed explanation-3: -The pricing of 1.841% achieved is the lowest yield locked in by an Indian Issuer in the Euro markets. It is the first ever Euro denominated Green bond issuance from India.

Detailed explanation-4: -On Friday (January 6), the Reserve Bank of India (RBI) announced that it will, for the first-time, issue Sovereign Green Bonds (SgrBs) worth Rs 16, 000 crore, in two tranches of Rs 8, 000 crore each in the current financial year.

There is 1 question to complete.