Which of the following bank has has become the first Indian company to issue rupee-denominated bonds masala bonds on London Stock Exchange (LSE)

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following bank has has become the first Indian company to issue rupee-denominated bonds “masala bonds” on London Stock Exchange (LSE)

A	Axis
B	HDFC
C	YES Bank
D	Kotak Mahindra

Explanation:

Detailed explanation-1: -Which was the first entity in India to make use of Masala Bonds? The state-owned Kerala Infrastructure Investment Fund Board (KIIFB) debuted its ‘masala bond’ issue of ₹ 2, 150 crore on the London Stock Exchange. It is the first sub-sovereign entity in India to tap the offshore rupee international bond market.

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