General Announcement::News release: SGX welcomes ECL Finance's inaugural Masala bond listing

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
31-Oct-2016 17:33:28
Status
New
Announcement Sub Title
News release: SGX welcomes ECL Finance's inaugural Masala bond listing
Announcement Reference
SG161031OTHRWZTY
Submitted By (Co./ Ind. Name)
Yee Kai Pin
Designation
Vice President
Effective Date and Time of the event
31/10/2016 00:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed the inaugural rupee-denominated or Masala bond listing of ECL Finance Limited, a Mumbai-based financial services company.

ECL Finance raised Rs. 5.02 billion from its Masala bond, which has a tenor of three years and two months and was priced at 9.05%. A subsidiary of Edelweiss Financial Services Limited, an Indian non-banking financial company engaged in providing credit services, ECL Finance plans to use the proceeds to pay existing debt and support business growth.

More than 80% of listed offshore bonds by Indian issuers are listed on SGX today, raising about US$66 billion.

Attachments

20161031_SGX_welcomes_ECL_Finance_Masala_bond.pdf
Total size =269K