Indiabulls subsidiary raises ₹1.3k cr via masala bonds
Indiabulls Housing Finance (IBHFL) on Monday said it has raised ₹1,330 crore by issuing its first set of masala bonds. These three-year tenure bonds attracted close to 70% participation from investors in Asia, the company said. Masala bonds are rupee-denominated instruments through which Indian entities can raise funds from overseas capital markets, while the investors hold the currency risk. 