Reliance Industries Ltd has listed its existing foreign currency bonds aggregating over $7 billion on the India INX, in the largest such listing by a private entity on India INX and GIFT IFSC
The partnership will create a cost-effective bridge for Indian investors to access trading on the Moscow Exchange
SBI listed foreign currency bonds of $600 million under its $10 billion Global Medium Term Note Programme on India INX's Global Securities Market (GSM)
India International Exchange (INX) is targeting to list over $1 trillion of debt on its platform in the next decade
The pact will provide opportunities for dual listing, enhancing visibility and also increase secondary market trading in green, India INX said in a statement
ADB's masala bonds are listed on both Luxembourg exchange and India INX
Issue comes with a coupon rate of 3.375% and is due in 2029
Rupee trading onshore has been shrinking at the expense of offshore market, with volumes in London topping those in India's financial capital Mumbai
The BSE's India International Exchange is the country's first international exchange, based in the International Financial Services Centre at GIFT City.
Trading at Gift City is witnessing gradual pick up, following easing of regulations
While the facility will not be directly open to onshore investors, there are structures through which domestic investors can get access to the proposed platform, said a source
A provision to raise Rs 593 billion for NHAI was made in the Union Budget 2017-18
India INX is located in the country's first International Financial Services Centre, in GIFT City