International Finance Corporation, the private sector arm of the
World Bank, launched rupee-denominated bonds worth $2.5 billion to fund
infrastructure investments in India. "Under the programme, IFC will use a
combination of rupee-denominated bonds and swaps to raise
local-
currency financing of up to $2.5 billion, or 150 billion rupees, over the next five years," Reuters reported.
It would offer a safe investment opportunity for domestic funds and other investors, said IFC executive vice-president and chief executive officer Jin-Yong Cai, media reports suggested.
The bond sale would ensure to generate more interest in Indian economy and atrract long term investment funds in the economy.
currency financing of up to $2.5 billion, or 150 billion rupees, over the next five years," Reuters reported.
It would offer a safe investment opportunity for domestic funds and other investors, said IFC executive vice-president and chief executive officer Jin-Yong Cai, media reports suggested.
The bond sale would ensure to generate more interest in Indian economy and atrract long term investment funds in the economy.
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