Sagarmala Finance plans India's first blue bond issue

Sagarmala Finance Corporation is set to launch India's first blue bonds this fiscal year. The state-owned lender aims to raise up to ₹1,000 crore through this maiden issue. These bonds will fund maritime projects, attracting investors interested in this sector. This move will help address the company's asset-liability mismatch. The corporation has a mandate to raise ₹25,000 crore.