Following SEBI’s ESG Bond Framework, L&T announces India’s first Listed ESG Bond Deal in partnership with HSBC
Summary
L&T announced a Rs 500 crore ESG bond issuance under SEBI’s new ESG and sustainability-linked bond framework. HSBC acted as the sole lead arranger for the transaction. The framework requires issuers to disclose sustainability goals, obtain external assessments, and report post-issuance performance. L&T said the bond supports its long-term targets for water neutrality and carbon neutrality. The deal signals growing adoption of compliant sustainable-finance structures in India.
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