The RBI said masala bonds must have a minimum maturity of three years for issuances of up to $50 million. Sales above that amount would need to have maturities of five years or above.

‘Masala bonds’ to new Industries Policy Considered a difficult state to be run a business in due to stringent rules and aggressive trade unionism, a key focus of the Kerala government has been ...

In late October HDFC – whose services span mortgage lending, asset management and insurance – became the first non-bank institution to secure approval to issue a masala bond, the equivalent of China’s ...

It was a long time coming, but India’s masala bond market – that is offshore rupees – is finally underway. An upsized Rs30 billion ($446 million) three-year bond from HDFC last month marks the first ...