NABKISAN raises ₹180 crore for water and sanitation projects
The NABARD subsidiary's social bond will fund water, sanitation and hygiene services in rural and underserved communities.
NABKISAN Finance has raised ₹180 crore through a social bond dedicated to water, sanitation and hygiene, according to an official release issued on October 3. The NABARD subsidiary listed the bond on the National Stock Exchange on October 1.
The proceeds are intended to expand services in rural and underserved communities. The announcement describes the instrument as India's first social bond devoted exclusively to this sector, commonly abbreviated as WASH.
Investor subscriptions reached 1.8 times the issue size, the release said. The five-year instrument carries an 8.10 per cent coupon and matures in September 2031. These are the issuer's reported terms, rather than a recommendation to invest.
The public-interest test comes after the fund-raising: where the money is deployed and whether the projects improve access to reliable water and sanitation. The release does not identify individual funded projects or quantify households already served by the proceeds. Raising capital is a financing milestone; delivery of those services remains the outcome to track.