MASALA BONDS: ISSUING RUPEE DENOMINATED DEBT OVERSEAS

Published On: 01/06/2017

Authors:

Ran Chakrabarti
Arijit Sarkar
Chhavi Jhanji
Earlier this month, the Reserve Bank of India (the 'RBI') published certain norms relating to the issuance of rupee denominated bonds (also commonly known as 'masala' bonds) in the overseas market ('Rupee Bonds') pursuant to a circular dated June 7, 2017 (the 'Circular').