Request you to kindly drop in all your mails/queries to support@infraline.com or call us at
+91-120-6799125 (D); +91-120-6799100 (B)

IL&FS Financial looking to raise $200 mn via masala bonds

  • IL&FS Financial Services Ltd, a unit of Infrastructure Leasing & Financial Services Ltd (IL&FS), is looking to raise $200 million by selling masala bonds by September, said a top official at the company.

  • Masala bonds, which are rupee-denominated bonds issued overseas, have been attempted by a number of companies in recent months but the higher cost of raising funds via this route has prevented any of these issues from closing. Masala bond financing has proved to be more expensive as the currency risk is borne by the investor and hence priced in to the cost of funds.

  • IL&FS Financial is aware of these challenges and is willing to pay a slightly higher cost in order to establish a benchmark and diversify sources of funding, said Ramesh Bawa, managing director and chief executive officer of the company in an interview on Monday.

Registered user use 'Login Manager' (Download) or 'Login Button' on upper right corner as the case may be (Explain?)  
 
Email Id/Login Name :  
 

Only Subscribed User can access full content

   Take a Free Trial - Click Here