Indiabulls adds spice to Masala bond market

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By Addison Gong
07 Sep 2016

Indiabulls Housing Finance raised Rp13.3bn ($200m) from its maiden Masala bond on Wednesday. The trade was the third public offshore rupee deal from an Indian name and more companies from different sectors are set to follow suit, reckon bankers.

Axis Bank, Bank of America Merrill Lynch, Citi, Credit Suisse, Nomura and Yes Bank were joint bookrunners and joint lead managers on the deal. Initial price guidance for the three

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