Business Standard

Wednesday, December 25, 2024 | 12:04 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Bank of America opens Global Business Services Center at GIFT-IFSC

The new centre will allow BoA to raise debt in international currency, even as the foreign bank launched two Indian bond auctions at its platform in GIFT-IFSC

Bank of America Office at London (Photo- BofA)
Premium

Vinay Umarji Ahmedabad
In a development that makes it the first foreign bank to start operations within the International Financial Services Centre (IFSC), Bank of America Corp (BoA) on Friday inaugurated its Global Business Services Center at Gujarat International Finance Tec-City (GIFT City).

The new centre will allow BoA, which launched two Indian bond auctions at its platform in GIFT-IFSC, to raise debt in international currency.

"We have been encouraging Indian companies to consider this as a platform for bond auctions. Two of the bonds we have listed here are of IndusInd and Yes Bank. Other than Luxembourg and Singapore, they are listed

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in