Indian companies boost green bond offerings on govt’s clean-energy push

* Private and public sector borrowers tap market

* Strong issuance growth seen to fund renewable energy needs

* Policy push key driver of volumes

By Umesh Desai

HONG KONG, Nov 27 Indian companies are beginning to embrace green finance to fund environmentally friendly projects, as they heed calls from Prime Minister Narendra Modi to boost renewable energy in one of the world’s worst polluting nations and tap rising investor demand.

IDBI Bank became the first state-run commercial lender this week to line up global investors for green bonds – which are certified to show that funds raised will be used for environmental projects – in a $350-million issue that got orders worth about $1 billion. Read More…