SBI successfully issues $250 mn green bonds for sustainable projects

18 Jan 2024 CW Team

The funds raised through this issuance will be dedicated to eligible green projects in alignment with the bank's Environmental, Social, and Governance (ESG) financing framework. The issuance received approval from the bank's board in April 2023 and was coordinated and placed by Mitsubishi UFJ Financial Group.

In addition to this recent green bond issuance, SBI has been actively securing financing for sustainable projects. The bank signed a $165 million line of credit from the World Bank to support grid-connected rooftop solar projects in residential and institutional sectors. Furthermore, SBI inked a ?200 million (~$220 million) line of credit from the European Investment Bank for climate action projects in India, pending necessary approvals.

Recently, the German development bank Kreditanstalt f?r Wiederaufbau (KfW) granted SBI a ?70 million (~$76 million) loan to assist in refinancing solar projects with a total capacity of 180 MW as part of phase III. This follows a series of collaborations, including a low-interest loan of ?150 million (~$150.66 million) from KfW in 2022 to finance innovative solar projects, and in 2021, SBI approved Rs 319.18 billion (~$4.26 billion) in renewable energy project finance, supporting over 752 projects with a combined installed capacity of 13.8 GW. Additionally, in the same year, SBI, in partnership with the European Investment Bank (EIB), launched a ?100 million (~$121.63 million) initiative to enhance sustainability financing.

The State Bank of India (SBI) has successfully issued $250 million in senior, unsecured, green floating rate notes through a private placement facilitated by its London branch. These notes are set to mature on December 29, 2028. The bonds, listed on the Global Securities Market of the India International Exchange, carry a floating rate of 1.20% above the Secured Overnight Financing Rate (SOFR) and are part of SBI's $10 billion medium-term note program. The funds raised through this issuance will be dedicated to eligible green projects in alignment with the bank's Environmental, Social, and Governance (ESG) financing framework. The issuance received approval from the bank's board in April 2023 and was coordinated and placed by Mitsubishi UFJ Financial Group. In addition to this recent green bond issuance, SBI has been actively securing financing for sustainable projects. The bank signed a $165 million line of credit from the World Bank to support grid-connected rooftop solar projects in residential and institutional sectors. Furthermore, SBI inked a ?200 million (~$220 million) line of credit from the European Investment Bank for climate action projects in India, pending necessary approvals. Recently, the German development bank Kreditanstalt f?r Wiederaufbau (KfW) granted SBI a ?70 million (~$76 million) loan to assist in refinancing solar projects with a total capacity of 180 MW as part of phase III. This follows a series of collaborations, including a low-interest loan of ?150 million (~$150.66 million) from KfW in 2022 to finance innovative solar projects, and in 2021, SBI approved Rs 319.18 billion (~$4.26 billion) in renewable energy project finance, supporting over 752 projects with a combined installed capacity of 13.8 GW. Additionally, in the same year, SBI, in partnership with the European Investment Bank (EIB), launched a ?100 million (~$121.63 million) initiative to enhance sustainability financing.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..