Axis Bank Ltd.

Axis Bank has raised $500 million at the London Stock Exchange (LSE) after it launched India’s first internationally-listed certified green bond to finance climate change solutions around the world. This is the first green bond for the bank within its $5 billion Medium Term Note (MTN) programme, which has also listed entirely on LSE.

The said bond is certified by the Climate Bonds Standards Board. 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.