Asian investors accounts for 60% of NHAI bonds.

The National Highways Authority of India (NHAI) has launched its first overseas Masala bond issue of Rs.3,000 crore on the London Stock Exchange.

Road Transport and Highways Minister Nitin Gadkari witnessed the launch on 11 May 2017.

The initial issue amount of Rs.1,500 crore was upsized to Rs.3,000 crore at a price yielding 7.30% annually in view of the highly positive response from international investor including some first timers venturing the high potential of Indian bonds.

The five-year issuance is the largest inaugural transaction in Masala Bond market.

Some of the leading investors were still showing interest in the NHAI issue who may be brought into the fold in the near future.

Asian investors accounted 60% of the subscription with European the balance 40%.

Fund Managers or Insurance contributed 61% to the bond issue, Banks 39%. fii-news.com