NHAI raises ₹775 cr through green bonds
Financial Express Bengaluru|December 10, 2024
THE SPECIAL PURPOSE vehicle of the National Highways Authority of India (NHAI) has raised ₹775 crore through its maiden green bond issue to finance the Delhi-Mumbai Expressway.
FE BUREAU

Conducted under a close bidding system, the total issue size was ₹775 crore, comprising a base issue of ₹500 crore and a green-shoe option to retain oversubscription up to ₹275 crore.

The bond offers a yield of 7.23%, according to an official statement.

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