NABKISAN Lists India’s First WASH-Focused Social Bond, Raises ₹180 Crore

NABKISAN Finance Limited, a subsidiary of the National Bank for Agriculture and Rural Development (NABARD), has listed India's first Social Bond dedicated exclusively to the Water, Sanitation and Hygiene (WASH) sector on the National Stock Exchange (NSE), Mumbai. The bond issuance raised ₹180 crore after being oversubscribed 1.8 times. It is a five-year bond carrying an 8.10% coupon rate, maturing in September 2031, and holds CRISIL AAA (Stable) and CARE AAA (Stable) credit ratings. The proceeds will be deployed to expand safe water, sanitation, and hygiene access in rural and underserved communities. Water.org acted as the Technical Advisor and Knowledge Partner for the transaction.