Masala Bonds
From the first Masala bond listing in London in 2007, London Stock Exchange is now the world’s largest Masala bond centre. To ensure the success of this financing stream - and to help Masala bonds evolve from a specialist to a mainstream asset class - we have developed long-term strategic partnerships with issuers to continue this successful journey.
Success stories
- Historically, 43 Masala bonds have been issued on our market – initially by supranational and investment banks raising funds in Indian rupee. In July 2016, the first-ever Indian corporate listed a Masala bond on London Stock Exchange with Housing Development Finance Corp (HDFC).
- Since then, London Stock Exchange has welcomed Masala bonds from India’s largest corporates, state-owned companies and government agencies to fund infrastructure projects, including National Thermal Power Corporation (NTPC), National Highways Authority of India and Indian Renewable Energy Development Agency.
“London has been a long-term partner for Indian firms looking to raise finance in the global capital markets; the development of an additional platform for the listing and trading of fixed income should be welcomed.”
Piyush Goyal
Honourable Minister for Power, Coal and Renewable Energy, May 2017
“London Stock Exchange continues to distinguish itself by offering a wide range of financial instruments and enjoys unshakeable trust from international investors.”
Deepak Parekh
Chairman, HDFC
Key numbers
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48Masala bonds listed
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$7.16bnmoney raised historically
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443bn INR
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13Issuers
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