LIC Housing Finance plans green bond issuance to fund environmentally sustainable projects

LIC Housing Finance Ltd is gearing up to raise funds through green bonds in the upcoming financial year to support environmentally sustainable housing initiatives. Managing Director and Chief Executive Tribhuwan Adhikari expressed the company’s commitment to green financing, emphasizing the deployment of funds towards financing green housing projects.

The decision comes ahead of LICHFL’s board meeting on March 7, where they will deliberate and approve their borrowing plan for the financial year 2024-2025. The funds will be raised through various means, including loans, redeemable non-convertible debentures, and other instruments approved by regulators.