London Stock Exchange

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Kerala joins the global Masala Bond drive

2019-07-12T14:05:24+00:00July 5th, 2019|2019, Global Edition – June 2019|

The Kerala Infrastructure Investment Fund Board (KIIFB) became the latest Indian entity to reach out to the international markets for its fundraising needs. The Kerala Infrastructure Investment Fund Board’s (KIIFB) celebrated its debut Masala Bond listing on the London Stock Exchange with a special market open ceremony recently. KIIFB is the first sub-sovereign entity in India to tap the offshore Rupee international bond market with the $312 million equivalent senior secured fixed-rate bond and is aimed at accessing capital from international investors for the southern state’s infrastructure development. “KIIFB strives [...]

London Stock Exchange, Standard Chartered big winners at UK-India Awards

2020-03-26T09:51:55+00:00July 17th, 2018|Uncategorized|

London Stock Exchange’s role in the listing of numerous Masala Bonds to raise funds for India's infrastructure needs and Standard Chartered bank’s corporate social responsibility (CSR) projects were among the big winners at UK-India Awards in London on June 22. The awards, which concluded UK-India Week, also included a special Global Icon Award for Bollywood star turned businesswoman Shilpa Shetty and a Significant Contribution to UK-India Relations award for British Council India. “We are doing all we can to boost our links with India. Not just in the fields [...]

Green bonds lead the way for India-UK ties

2018-08-01T12:05:43+00:00December 20th, 2017|2017/2018, December 2017, INDIA-UK, Year|

A series of green bond listings on the London Stock Exchange to raise funds for Indian infrastructure projects dominated the bilateral relationship in recent months. India, UK to ink pact in urban transport sector India and the UK will sign a pact soon for cooperation in policy planning, technology transfer and institutional organisation in the urban transport sector. India’s Transport Minister, Nitin Gadkari, met UK’s Transport Secretary Chris Grayling in London recently and discussed a draft memorandum of understanding (MoU) [...]

Banking the unbanked is India’s big success story

2018-08-01T12:50:35+00:00October 27th, 2017|2017/2018, October 2017, SECTOR FOCUS/Finance, Year|

Arundhati Bhattacharya is the first woman to chair the State Bank of India (SBI), India’s largest state-owned bank. Just before her retirement in early October, she took time out for ‘India Global Business’ during a visit to the UK to delve into Indian banking reforms and the promise of measures like demonetisation and Goods & Services Tax (GST) having a positive impact on the economy in the long term. What does the new SBI bond index series launched in the UK [...]

Indian renewables agency strikes Bond with UK

2018-08-01T12:55:48+00:00October 26th, 2017|2017/2018, October 2017, UK/EUROPE, Year|

The Indian Renewable Energy Development Agency (IREDA) has become the latest Indian entity to launch a new Green Masala Bond on the London Stock Exchange. The Indian Renewable Energy Development Agency (IREDA) listed new a new Green Masala Bond on International Securities Market (ISM) to raise funds to finance renewable energy projects across India. The five-year dated bond raised approximately $300 million (Rs 19.5 billion), with a coupon of 7.125 per cent, and became the first Green Masala Bond to be listed on the ISM. “IREDA is [...]

Financial opportunities beyond Masala Bonds

2018-12-31T12:22:42+00:00July 20th, 2017|2018/2017, Guest Columns, India Investment Journal July Edition, Year|

London Stock Exchange has proved a popular choice for investors keen to participate in the India growth story, writes a keen observer of the trend. Despite macro economic uncertainty, London Stock Exchange Group is showing itself to be the ideal partner to India, as Prime Minister Modi embarks on his ambitious plans to revolutionise the country’s economy and infrastructure. These plans need growth finance and through London, Indian issuers have access to investors from around the world who are eager [...]

India’s Rural Electrification Corporation goes Green to raise funds

2018-12-31T13:27:12+00:00July 20th, 2017|2018/2017, India Investment Journal July Edition, Sector Focus/Renewables, Year|

The Rural Electrification Corporation (REC) launched its first Green Bond on the London Stock Exchange’s new International Securities Market (ISM) to finance renewable energy projects in India. A new 10-year dated green bond listed by REC raised $450 million, with an annual yield of 3.965 per cent. It was 3.9 times oversubscribed on the final order book and secured strong international investor interest, with Asian investors making up 68 per cent of the order book and investors from Europe, Middle East [...]

Bonds that go beyond Brexit

2018-06-08T11:46:23+00:00June 15th, 2017|2017/2018, India-UK, June 2017, Year|

India’s strong economic fundamentals, low inflation and interest rates on a declining trend are ideal for bond investors, writes a financial markets expert. London & Partners, the Mayor of London’s official business development company, has long been focusing on attracting inward investments into London, which is arguably the cultural and business capital of the world. This initiative, which started well before Brexit, sought to reinforce London as the gateway between America and Asia. It could become very important for London [...]

India’s first financial services hub gets going

2019-01-02T10:46:46+00:00January 9th, 2017|2018/2017, India Investment Journal January 2017, State Focus: Gujarat, Year|

GIFT City in the state of Gujarat, located near Ahmedabad airport, has been classified as the country’s model Smart City. ‘India Investment Journal’ caught up with its Managing Director & Group CEO, Ajay Pandey, during a visit to London to explore why it offers the ideal blueprint for India’s Smart City drive. What makes GIFT City a model Smart City for India? GIFT is an acronym for Gujarat International Finance Tec-City. GIFT City is one of the model smart cities [...]

Getting the Masala right for an India-UK Bond

2020-03-12T14:38:43+00:00September 15th, 2016|2016, India Investment Journal September Edition, Policy India, Year|

‘India Investment Journal’ looks at how Masala Bonds have caught on as a trend, with London Stock Exchange as a preferred hub. The UK government recently welcomed the world’s first ever “Masala” or rupee-denominated bond issued outside India by an Indian corporate being listed on the London Stock Exchange. UK Chancellor Philip Hammond described the "landmark" listing by the Housing Development Finance Corporation (HDFC) as a "major vote of confidence" in London. HDFC became the first company to issue a [...]