One of India's largest private sector bank, Yes Bank received the prestigious Green Bond Pioneer Award for being the 'Pioneers in Emerging Markets-India' in an award ceremony at London Stock Exchange (LSE), London.
The Green Bond Pioneer Awards are organized by Climate Bonds Initiative (CBI), an international investor-focused not-for-profit which focuses on mobilizing the $100 trillion bond market for climate change solutions.
Yes Bank has been the first Indian Bank to issue Green Infrastructure Bonds in India. We hope that this recognition will further encourage institutions in the Asia Pacific region to adopt best practices that are directly linked to sustainable growth and development," said Namita Vikas, Group President - Responsible Banking and Chief Sustainability Officer.
Yes Bank had issued India's first ever Green Infrastructure Bonds for Rs 1000 Crore with green shoe option that witnessed strong demand from leading global and domestic investors.
Recently, Yes Bank and International Finance Corporation (IFC) opened trading of the world's first Green Masala Bond of Rs 3.15 billion issued by IFC and listed on the London Stock Exchange. IFC has invested the proceeds of the bond in Yes Bank's Green Bonds, and the proceeds will be used by Yes Bank to fund Renewable Energy projects including solar power and wind power projects.
