MUMBAI: London Stock Exchange may not be all hugely excited with Indian companies listing their stocks on the exchange, but masala bonds are bringing the smiles back as listing of Indian bonds are fast rising. So far this year, rupee-denominated bonds worth Rs 5,700 crore are on the exchange platform, the second highest seen in the past 10 years. "India's macro-economic credentials are proving attractive to investors in a climate where interest rates are low or even negative in other economies," Nikhil Rathi, CEO, London Stock Exchange, told ET over phone. "In the first week of August, state-owned NTPC listed world's first Indian green masala bonds raising Rs 2,000 crore. Those securities yielded 7.48% with five-year maturity.In the last week of July, HDFC listed its masala bonds worth for Rs 3,000 crore with an initial yield of 8.33% with a three-year maturity.

Source: Economic Times August 17, 2016 13:52 UTC