Indian blue-chip SOEs to lead Masala drive

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By Rev Hui
22 Apr 2016

Indian state owned blue-chip companies are expected to issue $1bn of Masala bonds, or rupee-denominated offshore bonds, in the next three or four months, said an Indian minister at a roundtable in London this week.

Piyush Goyal, India's union minister of state for power, coal and new and renewable energy, said on Wednesday that India is actively exploring international fundraising channels such as Masala bonds as part of the government’s plans to meet renewable energy targets of 175GW by 2022. 

“Companies including NTPC, Neyveli ...

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