Podcast: Sustainability-linked bonds in India
01 February 2022
In 2021, the first sustainability-linked bond (SLB) from India was issued. Indian issuers put out USD1.2 billion in 2021 in SLBs with UltraTech Cement, Adani Electricity Mumbai Limited and JSW Steel all issuing SLBs to achieve their environmental linked targets.
In a podcast aimed at corporates looking to issue SLBs in India, Pallavi Gopinath Aney, partner and joint chair of Allen & Overy’s India Group, speaks to Siya Kulkarni, Asia ESG reporter, and Urmika Tripathi, Legal Analyst from REDD, a leading provider of news and intelligence on emerging market corporates.
Pallavi, who advised UltraTech Cement Limited on the first USD-denominated SLBs from South Asia and South East Asia, discusses a number of key issues including the investor interest in SLBs, the International Capital Market Association guidelines, the paper released by the International Organization of Securities Commissions, the transaction process itself and the structures that we could see in the future.