To tackle the liquidity issue generated by the IL&FS fiasco, IFC decided to launch $1 billion Masala Bonds, of which about $100 million as immediately subscribed on the London Stock Exchange. The money was then used to finance NBFCs that provided funds to MSMEs in the country. Watch now.
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Watch How IFC's 'Masala Bonds' helped tide over IL&FS liquidity crisis | ETRise With HD Quality.
To tackle the liquidity issue generated by the IL&FS fiasco, IFC decided to launch $1 billion Masala Bonds, of which about $100 million as immediately subscribed on the London Stock Exchange. The money was then used to finance NBFCs that provided funds to MSMEs in the country. Watch now.
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► More Videos @ ETTV - http://economictimes.indiatimes.com/TV
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► For business news on the go, download ET app:
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Watch How IFC's 'Masala Bonds' helped tide over IL&FS liquidity crisis | ETRise With HD Quality
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