ADB Lists Masala Bonds on India INX

  • On 25th February, 2022, Asian Development Bank (ADB) listed its 10-year Masala Bonds worth Rs 850 crore on the Global Securities Market (GSM) of the India International Exchange (INX) at GIFT City, Gujarat.
  • The proceeds would be used to support local currency lending and investment in India.
  • ADB’s Masala Bonds are listed on both Luxembourg exchange and India INX.
  • This is the first time a foreign issuer and a supranational is doing a primary listing with India INX. This will help further in making GIFT IFSC a global hub for fund raising by Indian and Foreign issuers.

Masala Bonds

  • Masala Bonds are the ....
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