Business

ADB lists masala bonds on India INX

Asian Development Bank (ADB) has listed its 10-year masala bonds worth ₹850 crore on the global debt listing platform of India INX. The proceeds would be used to support local currency lending and investment in India, the BSE-owned exchange said in a release on Tuesday.

ADB’s masala bonds are listed on both Luxembourg exchange and India INX.

“This is the first time a foreign issuer and a supranational is doing a primary listing with India INX and we are excited to welcome ADB as a marquee issuer on our platform. This will help further in making GIFT IFSC a global hub for fund raising by Indian and Foreign issuers,” India INX MD and CEO V. Balasubramaniam said.

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Printable version | Apr 7, 2020 10:30:41 PM | https://www.thehindu.com/business/adb-lists-masala-bonds-on-india-inx/article30916295.ece

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