Kerala becomes first Indian state to list Masala Bond in overseas market

On May 17, Kerala became the first sub-sovereign entity in the country to access the international market by listing masala bonds issued through its off-budget mechanism – the Kerala Infrastructure Investment Fund Board (KIIFB). Chief Minister Pinarayi Vijayan has become the debutant head of state in the country to open trading at the London Stock ..

Topics: Bond • Economy • Finance • Financial market • Kerala • Kerala Infrastructure Investment Fund Board • London • London Stock Exchange • Masala bonds

Kerala Infrastructure Investment Fund Board to issue masala bonds worth Rs 5,000 crore for development works

Kerala Infrastructure Investment Fund Board (KIIFB) is going to issue masala bonds worth Rs. 5,000 crore to mobilise funds for various development works. KIIFB has appointed Standard & Poor’s and Fitch Ratings for rating the masala bonds issue. The bonds will be listed in London and Singapore stock exchanges. The funds will be raised in ..

Month: Current Affairs - October, 2018

Topics: Development Works • infrastructure • Kerala • Kerala Infrastructure Investment Fund Board • KIIFB • Masala bonds

NSE, LSE inks MoU for dual listing of masala bonds

National Stock Exchange of India (NSE) and London Stock Exchange (LSE) have signed Memorandum of Understanding (MoU) to collaborate on creating dual listing route for masala bonds and foreign currency bonds of Indian issuers. Through approval of single listing document, issuer can obtain dual listing on LSE’s International Securities Market and NSE’s GIFT City. It ..

Month: Current Affairs - September, 2018

Topics: Business • Dual Listing • Economy • London Stock Exchange • Masala bonds • National Stock Exchange of India • NSE

Masala Bonds

Masala bonds are rupee denominated overseas bonds. Here are key notable points about Masala Bonds. Such bonds are Rupee denominated. When an Indian company issues Rupee denominated Bond, it is obviously shielded against the risk of currency exchange rate aberrations. The foreign exchange risk is on foreign investors rather. The key advantages of Masala Bonds are ..

Topics: Bond • Currency • Economy • Indian rupee • International finance • Masala bonds • Pakistani rupee • Renminbi • Rupee

RBI takes masala bonds out of corporate bond limit for FPIs

The Reserve Bank of India (RBI) has increased corporate bond investment limit for foreign investors by taking out Masala bonds (rupee-denominated bonds) from ambit of total debt investment limit. They will be considered as part of External Commercial Borrowings (ECBs) and will be monitored accordingly. Key Facts Currently, masala bonds are reckoned both under combined ..

Month: Current Affairs - September, 2017

Topics: Business • Corporate Bond Investment s • Economy • Foreign Portfolio Investments • Masala bonds • RBI