A Masala Green Bond is a hybrid of two innovative finance instruments
Masala Green Bond What is a Masala Bond? 1 Here's why it's called "Masala Bond": 1 What Makes It a Green Masala Bond? 2 Historical Highlights 2 Benefits & Risks 3 For Issuers 3 For Investors 3 Why It Matters 3 Summary 3 A Masala Green Bond is a hybrid of two innovative finance instruments: What is a Masala Bond? A Masala Bond is a rupee‑denominated bond issued in international markets (e.g., London, Singapore), typically by Indian corporates or institutions ( en.wikipedia.org , financialexpress.com ). Since it’s in Indian rupees, the currency risk is borne by foreign investors, not the issuer ( timesofindia.indiatimes.com ). Purpose: raise capital overseas for Indian projects, diversify investor base, and internationalize the rupee . The term "Masala Bond" is a metaphorical name coined to give the bond an Indian identity —similar to how Indian cuisine is known for its masalas (spices). Here's why it's called "Mas...