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A delegation of the US India Business Council (USIBC), including US Treasury officials, is slated to meet Finance Ministry officials in a couple of days to discuss ease of entry and exit, both from public markets — stock exchanges and fixed income markets, and private markets — venture capital/ private equity investments, said Council officials.
The agenda for discussion includes new product development and currency hedging of rupee-denominated bonds, also called Masala bonds.
International Finance Corporation (IFC), the investment arm of the World Bank, was the first to issue rupee-denominated bonds worth ₹1,000 crore in overseas markets in November 2014. The issuance was done to fund infrastructure projects in India. Other entities trying similar method include Indian Railway Finance Corporation and NTPC.
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