Shriram Transport Finance to issue masala bonds worth Rs 475 crore
This would be the third NBFC to enter the masala bonds market. Till now only HDFC and Indiabulls Housing Finance have raised Rs 5000 crore and Rs 500 crore, respectively.
Rupee-denominated bonds are called as masala bonds which are listed at stock markets outside India, like London Stock Exchange, but are denominated in Indian Rupees. Photo: Reuters