NABKISAN Finance Limited listed India’s first social bond dedicated exclusively to the Water, Sanitation and Hygiene (WASH) sector on the National Stock Exchange (NSE).
The bond raised ₹180 crore, has a five-year tenureand matures in September 2031.
The funds will support safe drinking water, sanitation and hygiene projects in rural and underserved communities.
The bond received CRISIL AAA (Stable) and CARE AAA (Stable) credit ratings.
NABKISAN Finance Limited is a subsidiary of the National Bank for Agriculture and Rural Development (NABARD); Water.org supported the bond as Technical Advisor and Knowledge Partner.