Nitin Gadkari launches NHAI's Masala Bond in UK

Posted on:12 May 2017 11:45:19
Nitin Gadkari launches NHAI's Masala Bond in UK
12 May 2017 Current Affairs:

  • Union Minister of Road Transport and Highways Nitin Gadkari launched the National Highways Authority of India (NHAI) Masala Bond at the London Stock Exchange.

  • The rupee-denominated offshore bonds are popularly known as Masala Bonds.

  • According to the London Stock Exchange, there are 38 Masala Bonds currently in the market, raising around 5 billion dollars.

  • The initially benchmarked issue of Rs. 1,500 crore increased to Rs. 3,000 crore at a price yielding 7.30 percent annually from the investor market. 


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