IFC invests $76 mn in masala bond

The IFC, a member of the World Bank Group, has invested USD76 million in 5 years in masala bond of Fullerton India Credit Company. IFC is using masala bonds to support companies in diversifying their funding sources, thus expanding a newly opened market to attract private investment. IFC helped create the masala bond market through its own first issuance in November 2014.

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