India INX lists IRFC's green bonds - 1st debt security at IFSC

Mumbai, Jan 13 (PTI) The BSE's India InternationalExchange (India INX) today listed the IRFC's green bonds onits debt listing platform -- the global securities market.With this, the Indian Railway Finance Corporation's(IRFC) green bonds have become the first debt security to belisted on an exchange at International Financial ServicesCentre in Gujarat's GIFT city.IRFC had last year raised USD 500 million from the 10-year green bond from investors in Asia, Europe and offshore USthrough listing on the London Stock Exchange (LSE).Listing the bond on India INX at an event organised bythe BSE, Railway Minister Piyush Goyal said "India is thefastest-growing economy in the world and our need to raisefunds is a continuous process.""To have a platform to tap global investors by issuingbonds in any currency is the first of its kind in India andIndia INX as India’s first international exchange at IFSC Giftcity, Gandhinagar has yet again been a pioneer in this."In a country like ours, this will make globalinvestors and funds more accessible to Indian and foreignissuers at a fraction of cost that is being incurred today byissuers," he added.The bonds have an annual yield of 3.835 per cent."We are excited to be the first issuer to list onBSE's India International Exchange. Such a listing platformfrom India INX will now help us to tap global investors fromIndia going forward," IRFC chairman B N Mohapatra said.India INX's Global Securities Market (GSM) segment, India's first debt listing platform, allows raising funds in any currency of choice by both foreign and Indian issuers from investors across the globe.

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