India Country Briefing - July 2018

Total Indian green bond issuance: USD6.5bn, 11th in global country rankings

Green bond market growth expected from Energy, Transport and Building sectors as well as ABS. 

Key takeaways:

• Public and private corporates are driving issuance
• Renewable energy dominates use of proceeds
• Top issuers account for 64% of the deal volume
• 47% of Indian green bond issuance is Certified Climate Bonds
• Climate-aligned issuance is primarily from pure-play companies in renewable energy and rail transport sectors
• Renewable energy, which benefits from a clear policy thrust, is expected to see a stream of further issuance
• Growth in the green bond market is expected in the transport and building sectors
• Green securitisation represents further potential for market growth

Download the full report here