IFC launches Uridashi Masala Bonds

Posted on:02 Mar 2016 12:56:24

IFC launches Uridashi Masala Bonds
02 March 2016 Current Affairs: IFC, a member of the World Bank Group, launched its first Uridashi Masala Bond, mobilizing 300 million rupees (or $4.3 million) directly from Japanese household investors to promote private sector development in India. The three-year bond builds on IFC’s pioneering Masala bond program, which has raised the equivalent of $1.7 billion from international investors for investment in India. Masala bonds are rupee-denominated instruments sold only to offshore investors, while Uridashi bonds are sold to Japanese household investors. Proceeds from IFC’s Uridashi Masala bonds will be used to support private sector investment in India.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs May 2017

27 MAY
NEWS
26 MAY
NEWS
25 MAY
NEWS
24 MAY
NEWS

Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS