SGX: Welcomes Fullerton India's Inaugural Masala Bond.

25 Oct 2016 15:47

Singapore Exchange welcomed the inaugural rupee-denominated or Masala bond listing of Fullerton India Credit Company Ltd., the first Masala bond issuance by an Indian non-banking financial company. Fullerton India raised Rs. 5 billion from its Masala bond, which has a tenor of three years and one month and was priced at 8.125%. The Mumbai-based company, which offers financing to rural households, small and medium enterprises, as well as for commercial vehicles and homes, plans to use the proceeds for on-lending and business growth. It operates a network of more than 500 branches and serves almost two million customers...

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