India INX works out Masala bond listing framework

India INX works out Masala bond listing framework

The India International Exchange is working on the framework for listing on its platform of Rupee-denominated Masala bonds for Indian corporations which currently list such financial tools on bourses in London and Singapore, a top company official said.

The India International Exchange (India INX) is India’s first international stock exchange, opened in January 2017.

“We are working on the framework for Masala bonds with a range of incentives to make it attractive for Indian companies to launch at our exchange,” said India INX managing director and chief executive officer V Balasubraminiam.

India INX is also working on lower listing fee to compete with global exchanges, said Balasubraminiam over the weekend at the FIA Asia 2017, an annual derivatives conference here. Read more…

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