How IFC's 'Masala Bonds' helped tide over IL&FS liquidity crisis | ETRise

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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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    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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