Targeting mobilization of funds, NHAI launched an issue of Masala Bonds at the London Stock Exchange in May 2017. The Masala Bond saw an overwhelming response from a wide spectrum of investors. The initial benchmark issue of Rs 1500 crore was upsized to Rs 3000 crore. Asia contributed 60 per cent and Europe 40 per cent of subscription. 61% of the amount is from fund managers or insurance funds, 18 per cent from banks and 14 per cent from private banks. NHAI’s Masala Bonds have been rated the best for the year 2017.
NHAI has set up a Green Highways Division ....
