Dewan Housing to take first taste of Masala bonds

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By GlobalCapital
10 Mar 2016

India’s Dewan Housing Finance Corp is gearing up for the country’s first offshore rupee-denominated bond, also known as a Masala bond, having mandated four banks to handle the market-opening transaction.

The —/BB/BB rated borrower has appointed Barclays, Credit Suisse, Standard Chartered and UBS as joint lead managers and bookrunners to organise meetings, which will kick off in Singapore on March 11. The leads will then arrange meetings in Hong Kong and London on March 14, followed by New ...

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