With reference to green bonds in India consider the following statements Green bond is a debt instru...........

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With reference to green bonds in India, consider the following statements:

Green bond is a debt instrument issued for renewable as well as non-renewable energy projects
Both public and private sector banks can issue such bonds
It is a low-risk bond as repayment is tied to the issuer rather than success of the project

Which of the statements given above is/are correct?

1 and 2 only

1,2 and 3

3 only

None of the above

Explanation:

The public sector has played a pioneering role in the Indian green bond market since Private sector issuance started in 2015 . SBI, Yes Bank, Exim Bank and Axis Bank are a few Indian banks who have issued green bonds in the international market and used them to find green projects.