Spicing up the Masala recipe

摘要

Indian finance companies are lining up Masala bonds to diversify their funding options at a time when a strengthening rupee and higher yields are raising the interest of foreign investors. INDIABULLS HOUSING FINANCE, DEWAN HOUSING FINANCE and SHRIRAM TRANSPORT FINANCE ALL have approval to raise up to US$750m from five-year Masala bonds in one or more tranches, according to sources familiar with the plans.