NABKISAN Finance Ltd, a subsidiary of the National Bank for Agriculture and Rural Development (NABARD), has listed the first Social Bond in India dedicated to the Water, Sanitation and Hygiene (WASH) sector on the National Stock Exchange (NSE). The bond raised ₹180 crore.
The 5-year bond has a coupon rate of 8.1% and is scheduled to mature in September 2031. It is to be noted that the instrument has been assigned the highest domestic credit ratings of CRISIL AAA (Stable) and CARE AAA (Stable).