The Reserve Bank has released the draft framework for issuance on issuance of Rupee linked Bonds overseas.
The Reserve Bank of India (RBI) said that Indian corporates, eligible to raise external commercial borrowings (ECBs), are permitted to issue rupee- linked bonds overseas.
In view of the interest shown by international investors for these bonds, the Reserve Bank on April 07, 2015 announced in its first Bi-monthly Monetary Policy Statement, 2015-16 its intention to expand the scope of issuance of these bonds by the international financial institutions as also to permit Indian corporates, eligible to raise external commercial borrowings (ECB), issue such bonds with an appropriate regulatory framework.
Accordingly, the Reserve Bank has released the draft framework for issuance on issuance of Rupee linked Bonds overseas.
In view of the interest shown by international investors for these bonds, the Reserve Bank on April 07, 2015 announced in its first Bi-monthly Monetary Policy Statement, 2015-16 its intention to expand the scope of issuance of these bonds by the international financial institutions as also to permit Indian corporates, eligible to raise external commercial borrowings (ECB), issue such bonds with an appropriate regulatory framework.
Accordingly, the Reserve Bank has released the draft framework for issuance on issuance of Rupee linked Bonds overseas.
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