IFC Launches $1 Billion Masala Bond Programme In The US And Europe

Posted on:22 Oct 2018 10:17:47
IFC Launches $1 Billion Masala Bond Programme In The US And Europe
22 October 2018 Current Affairs: International Finance Corporation, the World Bank’s lending arm launched its $1 billion masala bond programme in the US and Europe. 

These bonds are aimed at funding the rapidly expanding investment activities of IFC in India.

Masala bonds are rupee-denominated borrowings issued overseas. 

IFC uses them to raise rupee funds overseas and brings the proceeds to India for investments.
International Finance Corporation, the World Bank’s lending arm launched its $1 billion masala bond programme in the US and Europe. 

These bonds are aimed at funding the rapidly expanding investment activities of IFC in India.

Masala bonds are rupee-denominated borrowings issued overseas. 

IFC uses them to raise rupee funds overseas and brings the proceeds to India for investments.

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