NHAI establishes Rs. 250 billion MTN Programme on India INX
In a significant development, National Highways Authority of India established its Rs. 250 billion medium term note (MTN) programme on India INX’s Global Securities Market.
Launching the first INR denominated MTN Programme of its kind globally, NHAI is planning to raise funds through masala bonds. Global Securities Market platform of India INX offers fund raising framework that is at par with other international venues. Since the launch of the platform in January 2018, Indian issuers have established programs of US$21 billion.
India INX, a wholly-owned subsidiary of BSE, had commenced its trading activities on January 16, 2017 and is India’s first International Exchange set up at GIFT City. The platform has emerged as one of the most advanced technology platforms with a response time of 4 micro seconds and operating for 22 hours a day to facilitate international investors to trade from anywhere across the globe. The exchange provides a common platform for all asset classes, equities, currencies, commodities and fixed income products.
In Thursday ’s trade, BSE had hit an intraday high of Rs. 815 per share and an intraday low of Rs. 805.15 per share on NSE. At 1447 hours IST, the stock was trading at Rs. 808 per share, higher by 0.91 per cent.