ISSUANCE OF RUPEE DENOMINATED BONDS OVERSEAS: MULTILATERAL AND REGIONAL FINANCIAL INSTITUTIONS AS INVESTORS

Published On: 01/02/2017

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Eligible resident corporates and/or body corporates had earlier been permitted to issue rupee denominated bonds (also commonly known as 'masala' bonds) in the overseas market ("Rupee Bonds") under India's external commercial borrowing policy pursuant to the terms of A.P. (DIR Series) Circular No.17 dated September 29, 2015 (the "Original Circular").