Masala bonds

Masala bonds at a glance

48
Masala bonds listed
$7.16bn
money raised historically
443bn INR
13
Issuers

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

Find out about the recent insights and reports

London Stock Exchange and FICCI Roundtable on investment

On Friday, 12 May 2017, London Stock Exchange hosted a Roundtable Summit with India’s Minister of State for Power, Coal, New & Renewable Energy and Mines, Mr Piyush Goyal. This event provided a unique opportunity to hear from Minister Goyal, and to explore the opportunities for the continued development of the Energy for Growth Partnership recently announced between the UK and India. A

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Watch India's NTPC Bond listing on ISM

Watch Nikhil Rathi, CEO, LSE Plc, marking a special moment for LSEG in the launch of the new International Securities Market (ISM). He discusses the strong demand from firms all over the world for an efficient debt raising platform and explains how LSEG have been able to make this possible.

Shri Piyush Goyal, Minister of State for Power, Coal, New & Renewable Energy and Mines, Gov

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