HDFC & NHAI may Raise 10k-cr in Masala Bonds
bond market,” he said.
One alluring factor is the relative stable exchange rate as global investors, including hedge funds and private banks, are supposed to take the currency fluctuation risk on such investments unlike in dollar-denominated bonds where issuers take the same. “We have signed contracts worth Rs 5 lakh crore for infrastructure, roads, ports….we are receiving good response for the public-private partnership, build-operate-transfer and hybrid annuity (models),” Nitin Gadkari, road transport, highway and shipping minister had said a few days ago. EoM.