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umang

· started a discussion

· 1 Months ago

in this question correct answer may be optionD (Question: 107009.0 )

as you mentioned in the explanation, hdfc bank is the first indian company to issue rupee denominated masala bonds in london stock exchange.

Question:

What are the correct facts about Masala Bonds?

i. First introduced by HDFC Bank

ii.They are issued outside India, but denominated in Indian Rupees, rather than the local currency

iii. Investors bear the risks

Options:
A) Only i and ii
B) Only ii and iii
C) Only i and iii
D) i, ii and iii
E) None of these
Solution:

Masala bonds are rupee denominated overseas bonds. Masala bonds will help to internationalise the Indian rupee and also deepen the Indian financial system. HDFC Bank is the first Indian company to issue rupee denominated masala bonds in London Stock Exchange. In 2013, the first masala bonds were issued by the International Finance Corporation (IFC), an arm of the World Bank.

Abhishek Nath

· commented

· 1 Months ago

Actually, HDFC is the first Indian Bank to issue Masala Bonds. In 2013, the first masala bonds were issued by the International Finance Corporation (IFC), an arm of the World Bank.
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