Which Indian company has become the first-ever Indian quasi-sovereign to issue a Masala bond on London Stock Exchange (LSE)?
Which Indian company has become the first-ever Indian quasi-sovereign to issue a Masala bond on London Stock Exchange (LSE)?
[A]Neyveli Lignite Corporation Limited (NLC)
[B]Nuclear Power Corporation of India Limited (NPCIL)
[C]National Thermal Power Corporation Limited (NTPC)
[D]Bharat Heavy Electricals Limited (BHEL)
National Thermal Power Corporation Limited (NTPC)
The National Thermal Power Corporation Limited (NTPC), an Indian public sector company, has recently listed the world’s first Indian green Masala bond on the London Stock Exchange (LSE). With this, NTPC has become the first-ever Indian quasi-sovereign to issue a Masala bond on LSE. The bond is Climate Bonds Initiative certified and will be listed on London Stock Exchange’s green bonds segment. NTPC will invest the proceeds of the green Masala bond in the renewable energy market as it seeks to add more wind and solar power projects to its portfolio to support the Indian government’s ambition to generate 175GW of renewable energy by 2022.