The wealth management arm of Credit Suisse has too invested a significant quantum," said one of the persons cited above. About 30-35 investors are understood to have invested a few crores, possibly less than five.The home loan major successfully sold rupee-denominated masala bonds to offshore investors at five basis points cheaper than its similar domestic borrowings. Many issuers including HDFC, Power Finance Corporation had to cancel their bond sale then. "Top-rated HDFC commands respect among investors. A basis point is one hundredth of a percentage point.

Source: Economic Times July 26, 2016 16:30 UTC