IFC seeks govt’s nod for additional $2 bn offshore rupee bonds
23/09/2014 17:25
International Finance Corp, a unit of World Bank, is seeking the Indian government's permission to sell an additional USD 2 billion in rupee-denominated bonds abroad, reported Reuters.
IFC had last year set up a maiden USD 1 billion offshore rupee linked bond program and completed the fundraising in April, said the media report.
"We are still talking to the regulators for the permission for additional USD 2 billion in the offshore rupee program," Keshav Gaur, IFC'S head of treasury client solutions for Asia, Europe, Middle East and North Africa said at a news briefing.
Separately, IFC said on Tuesday it raised Rs 6 billion in rupee bonds domestically, which the organisation christened as Maharaja bonds, or "King" bonds.
The domestic sale is part of its USD 2.5 billion onshore debt program.
23/09/2014 17:25
International Finance Corp, a unit of World Bank, is seeking the Indian government's permission to sell an additional USD 2 billion in rupee-denominated bonds abroad, reported Reuters.
IFC had last year set up a maiden USD 1 billion offshore rupee linked bond program and completed the fundraising in April, said the media report.
"We are still talking to the regulators for the permission for additional USD 2 billion in the offshore rupee program," Keshav Gaur, IFC'S head of treasury client solutions for Asia, Europe, Middle East and North Africa said at a news briefing.
Separately, IFC said on Tuesday it raised Rs 6 billion in rupee bonds domestically, which the organisation christened as Maharaja bonds, or "King" bonds.
The domestic sale is part of its USD 2.5 billion onshore debt program.
