कोशिश गोल्ड - मुक्त
L&T ESG bond debut signals backing for quality issuances
Mint Mumbai
|June 28, 2025
The push for sustainable finance may grow among large firms with net-zero commitments
On June 23, infrastructure giant Larsen & Toubro (L&T) listed India's first environmental, social, and governance (ESG) bond on the National Stock Exchange under Sebi's new framework. While Indian companies have previously raised ESG debt overseas, L&T's rupee-denominated issuance is a domestic first under Sebi's guidelines.
Experts believe the ₹750 million sustainability-linked bond (SLB), anchored by HSBC and offering a 6.35% coupon (competitive by market standards), suggests that investors are willing to back credible ESG-labelled issuances.
But whether this debut sparks a broader trend or remains an isolated milestone hinges on a critical factor: investors' willingness to pay the "greenium"—the difference between the yield or returns investors receive from a green bond versus a similar conventional bond.
यह कहानी Mint Mumbai के June 28, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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