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Economy 1 min read

NABKISAN Finance lists India's first WASH-dedicated social bond on NSE

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NABKISAN Finance Limited has listed on the National Stock Exchange (NSE) the first social bond in India devoted solely to the Water, Sanitation and Hygiene (WASH) sector. The issue mobilised ₹180 crore for a five-year term and will mature in September 2031. Proceeds will back projects for safe drinking water, sanitation and hygiene in rural and underserved communities. The bond carries CRISIL AAA (Stable) and CARE AAA (Stable) ratings. NABKISAN belongs to the National Bank for Agriculture and Rural Development (NABARD) group as its subsidiary, and Water.org acted as Technical Advisor and Knowledge Partner for the issue.