Masala bonds

Masala bonds at a glance

48
Masala bonds listed
$7.16bn
money raised historically
443bn INR
13
Issuers

From the first Masala bond listing in London in 2007, London Stock Exchange is now the world’s largest Masala bond centre. To ensure the success of this financing stream - and to help Masala bonds evolve from a specialist to a mainstream asset class - we have developed long-term strategic partnerships with issuers to continue this successful journey.

Success stories

  • Historically, 43 Masala bonds have been issued on our market – initially by supranational and investment banks raising funds in Indian rupee. In July 2016, the first-ever Indian corporate listed a Masala bond on London Stock Exchange with Housing Development Finance Corp (HDFC).
  • Since then, London Stock Exchange has welcomed Masala bonds from India’s largest corporates, state-owned companies and government agencies to fund infrastructure projects, including National Thermal Power Corporation (NTPC), National Highways Authority of India and Indian Renewable Energy Development Agency.

“London has been a long-term partner for Indian firms looking to raise finance in the global capital markets; the development of an additional platform for the listing and trading of fixed income should be welcomed.”

Piyush Goyal, Honourable Minister for Power, Coal and Renewable Energy, May 2017

"London Stock Exchange continues to distinguish itself by offering a wide range of financial instruments and enjoys unshakeable trust from international investors."

Deepak Parekh, Chairman, HDFC

Find out about companies we have welcomed to our markets

30.04
London Stock Exchange welcomes Bank of China celebrating the listing of USD 2.2 Billion of Sustainable Bonds

The General Manager of Bank of China Limited London Branch and Chief Executive Officer of Bank of China (UK) Limited this morning opened the market at the London Stock Exchange to mark the listing of USD 2.2 Billion of Bank of China Sustainable Bonds. The bonds included outstanding Blue, Transition, and Biodiversity bonds, along with the recent ground-breaking and innovative Sustainability Re-l

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74.04
London Stock Exchange welcomes Phoenix Group Holdings plc celebrating the acquisition of ReAssure Group plc

On 22 July Phoenix Group plc completed the acquisition of ReAssure Group plc from Swiss Re Group. The transaction is another significant milestone on Phoenix’s growth journey and has established Phoenix as the largest long-term savings and retirement business in the UK with circa £300 billion of assets under administration and circa 14 million policies. 
 
The acquisitio

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107.04
London Stock Exchange welcomes The Hashemite Kingdom of Jordan $1.75bn dual-tranche bond listing on the Main Market

London Stock Exchange today welcomes the Hashemite Kingdom of Jordan placing its US$500m 4.95% due July 2025 and US$1.25bn 5.85% due July 2030 dual-tranche benchmark Eurobonds to the London Stock Exchange’s Main Market. The deal was more than 6 times oversubscribed, receiving bids in excess of $6.25bn.

The Kingdom intends to use the net proceeds of the issue of the Notes to finan

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London Stock Exchange welcomes Riyad Bank celebrating Riyad Bank tier 2 USD sukuk

London Stock Exchange welcome Riyad Bank for a Market Open Ceremony, to celebrate the admission of USD 1.5 bn USD Tier 2 Sukuk. The Market Open Ceremony was attended by Riyad Bank senior management, including CEO Mr. Tareq Al Sadhan, Saudi Ambassador to the UK His Royal Highness Prince Khalid Bin Bandar Al Saud, Rt Hon Conor Burns MP, Minister of State DIT and other dignitaries. 

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