Axis Bank has raised $500 million at the London Stock Exchange after it launched India’s first internationally-listed certified green bond to finance climate change solutions around the world. One of India’s leading private sector capital markets banks opened trading at the London Stock Exchange (LSE) with the bond, which is certified by the Climate Bonds Standards Board and raised $500 million.

Axis Bank said the proceeds of the bond will be invested in green energy, transportation and infrastructure projects, reinforcing India’s commitment to produce 175,000 MW of renewable power by 2022. This is the first green bond for Axis Bank within its $5 billion Medium Term Note (MTN) programme, which has also listed entirely on LSE.

Did You Know?

• Axis Bank Limited is the third largest private sector bank in India. Axis Bank’s stake holders include prominent national and international entities.
• Promoters (UTI, LIC and GIC), who collectively held approx. 34% of the shares, are all entities owned and controlled by the Government of India.
• The remaining 23% shares are owned by corporate bodies, financial institutions and individual investors among others.
• The bank offers financial services to customer segments covering Large and Mid-Sized Corporates, MSME, Agriculture and Retail Businesses.
• Axis Bank has its registered office at Ahmedabad.