Asian Development Bank raises $150 million for green projects in India

The Asian Development Bank (ADB) has raised ₹12.5 billion (about $150 million) from the green bond issue to date. ADB’s bond will support projects in India focusing on renewable energy and other eco-friendly initiatives.

“Sustainability is a key driver for international capital markets, and ADB is long established as a regular issuer of green bonds. The ability to finance climate change projects with local currency green bonds represents the apex of our ambition while contributing to capital market development,” said ADB Treasurer Pierre Van Peteghem in a release.