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Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?
- a)LIC Housing Finance Limited
- b)Dewan Housing Finance Corporation Limited
- c)GIC Housing Finance Limited
- d)Housing Urban Development Corporation (HUDCO)
- e)Indiabulls Housing Finance
Correct answer is option 'E'. Can you explain this answer?
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Name the Housing finance company, which has raised Rs 1000 crore by se...
Private housing finance company, Indiabulls Housing Finance has raised Rs 1000 crore by selling the India’s first “Social Bonds”. Social Bonds are debt instrument, issued to raise funds which is to be deployed in financing/re-financing eligible social projects such as affordable housing, water supply, sanitation, transport etc. Private sector bank, Yes Bank was the sole investor in these bonds. These bonds have a five-year maturity and will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for secondary market trading. Indiabulls Housing Finance will use the money raised through these bonds for financing the affordable housing sector. It will lend money to individuals and developers under the Pradhan Mantri Awas Yojana. These bonds will conform to the Social Bond Principles 2017 issued by the International Capital Market Association. Besides, professional service company, KPMG will provide assurance services relating to the usage of the funds for the specified purpose.
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Name the Housing finance company, which has raised Rs 1000 crore by se...
Introduction
In a significant move towards sustainable finance, Indiabulls Housing Finance has made headlines by raising Rs 1000 crore through the issuance of India's first "Social Bonds." This initiative highlights the growing trend of socially responsible investing in the housing finance sector.
What are Social Bonds?
- Social Bonds are financial instruments designed to raise funds specifically for projects that have positive social outcomes.
- These projects often focus on areas like affordable housing, education, healthcare, and employment generation.
- Investors are not only concerned about financial returns but also the social impact of their investments.
Indiabulls Housing Finance's Initiative
- Indiabulls Housing Finance aims to utilize the proceeds from these bonds to enhance affordable housing availability in India.
- The company is committed to addressing the housing needs of underserved populations, thereby contributing to social welfare.
- This innovative fundraising approach aligns with global trends where investors are increasingly looking for opportunities that provide both financial returns and social benefits.
Significance of the Move
- By issuing Social Bonds, Indiabulls Housing Finance paves the way for other financial institutions to explore similar avenues for raising capital.
- It demonstrates a shift in the housing finance landscape towards more socially responsible practices.
- The move is likely to attract a diverse range of investors, including those focused on ESG (Environmental, Social, and Governance) criteria.
Conclusion
Indiabulls Housing Finance's successful issuance of India's first Social Bonds marks a pivotal point in the intersection of finance and social responsibility, setting a precedent for future initiatives in the sector.
In a significant move towards sustainable finance, Indiabulls Housing Finance has made headlines by raising Rs 1000 crore through the issuance of India's first "Social Bonds." This initiative highlights the growing trend of socially responsible investing in the housing finance sector.
What are Social Bonds?
- Social Bonds are financial instruments designed to raise funds specifically for projects that have positive social outcomes.
- These projects often focus on areas like affordable housing, education, healthcare, and employment generation.
- Investors are not only concerned about financial returns but also the social impact of their investments.
Indiabulls Housing Finance's Initiative
- Indiabulls Housing Finance aims to utilize the proceeds from these bonds to enhance affordable housing availability in India.
- The company is committed to addressing the housing needs of underserved populations, thereby contributing to social welfare.
- This innovative fundraising approach aligns with global trends where investors are increasingly looking for opportunities that provide both financial returns and social benefits.
Significance of the Move
- By issuing Social Bonds, Indiabulls Housing Finance paves the way for other financial institutions to explore similar avenues for raising capital.
- It demonstrates a shift in the housing finance landscape towards more socially responsible practices.
- The move is likely to attract a diverse range of investors, including those focused on ESG (Environmental, Social, and Governance) criteria.
Conclusion
Indiabulls Housing Finance's successful issuance of India's first Social Bonds marks a pivotal point in the intersection of finance and social responsibility, setting a precedent for future initiatives in the sector.
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Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer?
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Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer?.
Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer?.
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Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer?, a detailed solution for Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer? has been provided alongside types of Name the Housing finance company, which has raised Rs 1000 crore by selling the India’s first “Social Bonds”?a)LIC Housing Finance Limitedb)Dewan Housing Finance Corporation Limitedc)GIC Housing Finance Limitedd)Housing Urban Development Corporation (HUDCO)e)Indiabulls Housing FinanceCorrect answer is option 'E'. Can you explain this answer? theory, EduRev gives you an
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