LIC Housing Finance to fundraise with green bonds next year.

TLDR:

• LIC Housing Finance plans to raise funds via green bonds in the next financial year.
• The Managing Director and CEO, Tribhuwan Adhikari, highlighted the company’s intention to finance green housing projects using the funds.

LIC Housing Finance is gearing up to raise funds through green bonds in the upcoming financial year, according to Managing Director and CEO Tribhuwan Adhikari. The company aims to utilize the funds generated from these green bonds to finance green housing projects. This move demonstrates LIC Housing Finance’s commitment to sustainability and environmentally friendly initiatives.

The decision to raise funds through green bonds aligns with the global trend towards sustainable financing and green investments. By focusing on green housing projects, LIC Housing Finance aims to contribute to environmental conservation and promote eco-friendly initiatives within the housing sector. This strategic move not only supports sustainable development but also enhances the company’s reputation as a responsible and socially conscious financial institution.

Overall, LIC Housing Finance’s plan to raise funds through green bonds signifies a proactive approach towards environmental sustainability and responsible investing. By earmarking the funds for green housing projects, the company is poised to make a positive impact on the environment while fulfilling its financial objectives.