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YES Bank on Tuesday said it is planning to raise about Rs 330 crore through an issue of a seven-year green infrastructure bonds to Dutch development bank FMO.
In a stock exchange notice, the private sector bank said the amount raised will be used to finance green infrastructure, including solar and wind projects in the renewable energy space.
“This issuance (on a private placement basis) would be externally assured by a reputed third party….This is the third such green bond issuance by YES Bank in the last 18 months…This is FMO’s first investment in a green bond issue in India,” the notice said.
In February 2015, the bank had made a maiden green bond issuance of Rs 1,000 crore followed by Rs 315 crore in August 2015.
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