DHFL breaks into international market with Masala

rupees 230-150x
By Morgan Davis
12 Apr 2018

India’s Dewan Housing Finance Corp (DHFL) finally sold its first offshore rupee bond this week in a deal which has been two years in the making.

DHFL’s debut in the Masala bond market was not easy, said one syndicate head on the trade. The company, which is a regular domestic bond issuer, has been courting foreign investors for nearly two years, trying to get an international rupee deal done. As early as 2016, ...

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