LuxSE and India INX strengthen cooperation

LuxSE is the world’s leading exchange for the listing of international debt securities serving 2,000 issuers from 100 different countries.

In a ceremony held in the Gujarat International Finance Tec (GIFT) City, India earlier today, the Luxembourg Stock Exchange (LuxSE) and the India International Exchange (IFSC) Limited (India INX) joined together to sign a cooperation agreement through which the two exchanges will enhance the visibility of listed Indian securities towards international investors by facilitating admission of such securities on LuxSE.

The agreement builds on the Memorandum of Understanding signed by the two institutions in November 2020, which placed a specific focus on advancing green finance in India. Today’s announcement marks the next important step undertaken by the two international exchanges to bridge the gap between India and international capital markets and strengthen cross-border cooperation in sustainable finance.

During the ceremony, the parties announced the admission on LuxSE of a green bond issued by the Indian company Power Finance Corporation. The EUR 300 million green bond, which is already listed on India INX, is now registered on LuxSE’s Securities Official List and displayed on the Luxembourg Green Exchange (LGX), the world’s leading platform for sustainable securities.

LuxSE is the world’s leading exchange for the listing of international debt securities serving 2,000 issuers from 100 different countries. It established LGX in 2016 to advance the sustainable finance agenda and has since been recognised by the United Nations for its contribution to accelerating climate friendly investment. LGX currently encompasses 1,300 green, social, sustainability and sustainability-linked bonds raising a total of EUR 727 billion for specific green and social projects and sustainable development across the world.