Latest News | Asian Development Bank Lists Masala Bonds Worth Rs 300 Cr on India INX

New Delhi, Jan 25 (PTI) The Asian Development Bank (ADB) has listed its 10-year masala bonds worth Rs 300 crore on the global securities market platform of India INX.

"The 6.15 per cent bonds due in 2030 are rated AAA by S&P and Moody's," India INX said in a statement.

ADB's masala bonds, or rupee-denominated bonds, are now listed on both the Luxembourg Stock Exchange and the India International Exchange Limited (India INX).

India INX is the country's first international exchange, located at International Financial Services Centre-GIFT City in Gujarat, and the global securities market (GSM) is the primary market platform of India INX.

The platform has established more than USD 48.5 billion medium term and over USD 24.5 billion of bond listings so far, the statement added.

India INX Managing Director and CEO V Balasubramaniam said, "We welcome the Asian Development Bank's INR 3 Billion Masala Bonds issue and with the efficient listing processes, India INX is consistently becoming the platform of choice for listing of these instruments." HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)