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NDB plans $500 mn Masala Bonds, hike lending to India: KV Kamath

NDB plans $500 mn Masala Bonds, hike lending to India: KV Kamath

Friday, March 31, 2017, 8:17 AM

New Development Bank (NDB) proposes to raise USD 300 to 500 million through 'Masala Bonds' and increase its exposure to infrastructure projects in India to around $600-700 million during the year, said its president K V Kamath. The appetite is slowly growing for local currencies part of funding in India could be in local currencies in future, Kamath told.
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