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Is India gaining enough from London’s love of masala bonds?

Is India gaining enough from London’s love of masala bonds?

The National Thermal Power Corporation (NTPC) has raised $3.46 billion in international markets since 2006 but most recently, it has been doing so via masala bonds. It issued around $320 million worth of them in April and plans to raise a similar amount again soon. The National Highways Authority of India plans a masala bond…