SEBI TEMPORARILY SUSPENDS MASALA BONDS AND FLAGS CORPORATE DEBT LIMITS TO FPIS

Published On: 01/08/2017

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Suggesting that the Indian corporate bond market's exposure to foreign investors may be overheating, the Securities Exchange Board of India issued a circular on 20 July 2017 temporarily suspending the overseas issue of Rupee denominated debt in a cautionary measure to stem Indian corporate debt exposure to foreign investors, which is fast approaching a legal limit.