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Funding and debt● Neutral for Indian equities
Nabard subsidiary Nabkisan lists India’s first WASH social bond; raises ₹180 crore
The brief
- Nabkisan raised ₹180 crore through India’s first WASH social bond
- The issue was oversubscribed 1.8 times
- The issue may broaden funding options for Indian rural finance and water, sanitation and hygiene projects