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IFC Invests in India's 1st Sustainable Road Bond
Mint Bangalore
|February 14, 2025
International Finance Corporation (IFC), the private sector arm of the World Bank, has invested ₹860 crore ($98.35 million) in India's first sustainability-linked bond (SLB) issue in the highways sector.
Issued by Cube Highways Trust (Cube InvIT), one of India's largest road sector-focused infrastructure investment trusts (InvITs), sustainability-linked bond is a debt instrument whose financial terms are linked to the issuer's pre-defined sustain
This story is from the February 14, 2025 edition of Mint Bangalore.
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