Masala Bonds

Recently, Asian Development Bank (ADB) has listed its 10- year Masala bonds worth ₹850 crore on the Global Securities Market of India International Exchange (India INX).

Masala Bonds

  • They are rupee-denominated bonds i.e. the funds would be raised from overseas market in Indian rupees.
  • Any corporate, body corporate and Indian bank is eligible to issue Rupee denominated bonds overseas.
  • The first Masala bond was issued in 2014 by International Finance Corporation (IFC) for the infrastructure projects in India.
  • Money raised through such bonds cannot be used for real estate activities other than for development of integrated township or affordable housing projects.
  • It also can’t ....
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