Banner Launch of India's first corporate Masala Bonds at the London Stock Exchange

Launch of India's first corporate Masala Bonds at the London Stock Exchange

 

1.        High Commissioner Navtej Sarna joined Mr. Alok Sharma, Parliamentary Under Secretary of State at the FCO and Mr. Deepak Parekh, Chairman, HDFC to launch India’s first corporate Masala Bonds at the London Stock Exchange early this morning.

2.        The launch of the off-shore rupee denominated Masala Bonds by HDFC follows Prime Minister Modi’s statement during his visit to UK in November 2015 that Indian entities would use London Stock Exchange to launch rupee denominated bonds to attract investments required for infrastructural development in India. 

3.        High Commissioner Sarna speaking on the occasion reiterated the importance attached by Prime Minister Modi as well as the UK Government to strengthening financial business and investment links between India and the UK.

4.         Sarna also emphasized that the successful launch of these bonds testifies to global confidence in India’s growth story as well as to strengthen confidence of India-UK relations.

5.        So far 30 off-shore Indian rupee bonds have been listed on the London Stock Exchange raising equivalent to US$ 3.5 billion.  Other Speakers also expressed the hope that this landmark bond issuance by HDFC would pave the way for opening of the Masala Bond market globally to support Indian companies and infrastructure financing.  

 

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01 August 2016

Aug 1, 2016
 
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