Fullerton India Credit Company Limited, the wholly-owned subsidiary of Fullerton Financial Holdings Pte. Ltd., Singapore, raised Rs 500 crore in masala bonds, becoming the first non-banking finance company (NBFC) to do so. Fullerton Financial Holdings is owned by Singapore government's investment company, Temasek Holdings Pte. Ltd.
The masala bonds carry a fixed annual coupon rate of 8.12 percent and have a 37-month tenure. The bonds will be listed on the Singapore Stock Exchange...........................................Full Article: Source
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