NSE IFSC Limited, NSE's International Exchange has listed IRFC's foreign currency bond and green bonds on its Debt Securities Market platform. IRFC has raised capital of USD 2.25 billion by issuing bonds in different tranches under USD 4 billion Global Medium-Term Note and USD 500 million green bonds Program.
Since the launch of NSE IFSC Debt Securities Market (DSM), the platform has listed total aggregate Medium-Term Note (MTNs) worth over USD 18.5 billion (including Rs.1,950 crore Green Bond) also witnessed listing of issues aggregate to ~USD 11 billion (including Rs.1,950 crore Green Bond).
NSE IFSC LTD launched Debt Securities Market for listing and trading of debt securities in multiple foreign currency bonds, green bonds, masala bonds, notes, etc on March 16, 2018. Debt Securities Market platform provides an efficient international listing process to issuers with minimum turnaround time and investment opportunities for investors from across the world.
Mr. Manoj Kumar, Executive Director, IFSCA said, "The setting up of International Financial Services Centers in India offers wide range of products to raise funds in various currencies to Indian and Foreign issuers. Indian Railway Finance Corporation is regularly exploring ways to tap global capital market and GIFT IFSC offers a competitive platform to IRFC at par with foreign jurisdiction for raising capital in a cost-effective way. The ecosystem in IFSC will significantly widen the investor base and deepen the debt market's liquidity pool. IFSCA, is further enhancing the global competitiveness of IFSC by developing complete sustainable finance ecosystem and innovative product offerings.
Mr. Amitabh Banerjee, Chairman & Managing Director, IRFC said, "IRFC is happy to be listing on NSE International Exchange at GIFT City. This gives us immense opportunities to reach out to international investors and raise funds using a wide variety of product and currencies. IRFC will continue to focus on the railway sector and play a critical role in the development, modernization and growth of the Indian Railways."
Mr. Ravi Varanasi, Chief Business Development Officer, NSE said, "Development of robust corporate bond market is the key to the effective implementation of large projects across sectors. Debt Securities Market at NSE-IFSC enables the listing and trading of debt securities in foreign currencies as well as rupee denominated masala bonds. Our platform also facilitates issuance of green bonds to offer local and international issuers an additional source of green financing to improve investor diversification as well as enhance issuers social governance and reputation. The listing and trading of bonds at IFSC would offer cost efficiency as well as enable issuer to access international investors.