Page 2 - Masala Bonds

Municipalities all set to issue smart city bonds

As many as 60 municipalities may issue bonds in the next nine to 12 months to raise funds for developing smart cities

Masala bonds to help DIAL diversify debt funding base: Moody's

While Moody's has given 'Ba2' rating, S&P Global has assigned 'BB' rating to DIAL masala bonds. This indicates higher credit risks

Masala bonds pick up, $1.24 bn raised, another $3-4 bn in pipeline

However, while the instrument passes on currency risk to the investor, it may still be an expensive option for some issuers

Banks add leverage to spice up 'masala' bonds for expatriate Indians

Masala bonds are not simply a way to borrow overseas, buy an attempt to make the tightly-controlled rupee available in global markets

Indiabulls Housing raises Rs 1,300 crore through masala bonds

The unrated issuance was subscribed over two times

British Columbia first foreign govt to issue masala bond

Masala Bonds are rupee-denominated bonds issued to overseas buyers, aimed at investments into India's infra needs

Masala bonds can be good for NRIs' portfolios

If the view is that rupee will depreciate, hedge your exposure by using forward cover

Masala bonds to ease capital constraints for banks: Fitch

Fitch estimates a capital shortfall of $90 billion over next several years as basel III regulatory requirements build from the financial year 2017 to 2019

RBI opens up bond market

Banks can raise masala bonds and long-term debt from companies

Only major firms relishing masala bonds

Investor and not the issuer bears the risk of rupee-denominated bonds

NBFCs soon to savour masala bonds

RBI has issued a discussion paper proposing new limits for bank's lending to the finance companies

HDFC masala bonds issue to pave way for others: Nomura

HDFC proposes to issue Rs 2,000-cr masala bonds with an option to retain over-subscription of up to Rs 1,000 cr

HDFC raises Rs 3,000 cr via India's first masala bonds

86% was taken by Asian investors, remaining was claimed by European ones

HDFC's masala bonds subscribed three times so far

The issue is expected to close by Thursday afternoon or Friday morning

State-run firms likely to launch $1-bn masala bonds in UK

The bonds, which will be of $150-250 million, are likely to be limited to a band of five to seven years