British Columbia Current Affairs, GK & News

Canada’s British Columbia becomes first foreign government to issue masala bonds

September 3, 2016

Canada’s British Columbia province has become the first foreign government to issue of masala bonds, a rupee-denominated bond. It had issued Rs 500 crore rupee denominated overseas bonds (masala bond) on the London Stock Exchange (LSE) and successfully raised $75 million (about Rs 500 crore). British Columbia’s issued masala bond was priced to yield 6.62 ..

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