Economics · Economy
Which of the following statements is incorrect regarding Masala Bonds?
- 1Kerala became the first Indian state to tap into the market for masala bonds for infrastructure purposes.
- 2These bonds are considered a part of private domestic borrowing by SEBI rather than external commercial borrowings.✓
- 3The minimum maturity period for Masala bonds up to USD 50 million equivalent per financial year should be 3 years.
- 4Masala bonds are issued outside India but denominated in Indian Rupees.
Correct answer
These bonds are considered a part of private domestic borrowing by SEBI rather than external commercial borrowings.
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