IFC cooks up ‘Masala’ debut as demand for rupees rockets
The International Finance Corporation has scored a double first in its efforts to further the internationalisation of Indian rupee bond markets by issuing the longest dated offshore deal in the currency and listing it in London.
The debut, which IFC has dubbed a Masala bond, comes at a time of growing international confidence in India’s bond markets, said bankers.
Booming issuance volumes reflect that change, with $1.7bn worth of bonds sold in Indian rupees so far in 2014 from non-Indian issuers, up from $1.2bn ...Already a subscriber? Login
Further Reading
-
SRI / Green Bonds
UK’s green Budget ‘underwhelming’ as gaps, contradictions appear
-
Sovereigns
Italy smashes green debut as Germany prints first 15 year via auction
-
Sovereigns
UK to issue two green Gilts in 2021 as new £12bn infra bank confirmed
-
The View
Green retail bonds make sense, if not economic sense