Photo: iStockphotoMumbai: Fullerton India Credit Company Ltd, a non-banking financial company (NBFC) owned by Singapore-based Temasek Holdings Pte. Masala bonds are rupee-denominated offshore bonds. Mumbai-headquartered Fullerton India operates through 47 branches spread across 9 states in India. The World Bank arm has been one of the leading institutional investors supporting alternative forms of fund-raising such as masala bonds and green bonds. In November 2014, IFC’s Rs10,000 crore, rupee-denominated bonds, which were listed on London Stock Exchange, marked the first issuance of so-called masala bonds.

Source: Mint October 05, 2017 14:15 UTC