The Rural Electrification Corporation (REC) launched its first Green Bond on the London Stock Exchange’s new International Securities Market (ISM) to finance renewable energy projects in India.

A new 10-year dated green bond listed by REC raised $450 million, with an annual yield of 3.965 per cent. It was 3.9 times oversubscribed on the final order book and secured strong international investor interest, with Asian investors making up 68 per cent of the order book and investors from Europe, Middle East and Africa region making up 32 per cent.

An analysis of how the promise of a good Monsoon offers the much-needed turning point for the Indian economy.



Indian finance minister Arun Jaitley, his team at North Block, farmers, analysts and investors will have one eye peeled firmly on the skies. Will rain gods be bountiful this year? After two successive years of drought, which have hampered the government’s concerted efforts to revive the economy, there is hope for a normal Monsoon – and a sharp economic recovery – this year.