Kerala Infrastructure Investment Fund’s Masala Bond Issue Stirs Debate
Traffic moves along National Highway as road construction takes place in Bangalore, India. (Photographer: Namas Bhojani/Bloomberg)

Kerala Infrastructure Investment Fund’s Masala Bond Issue Stirs Debate

Earlier this month, the Kerala Infrastructure Investment Fund Board raised Rs 2,150 crore through a masala bond issue. This issue of rupee-denominated bonds in the overseas markets was the first ti...
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