EXIM Bank consolidates portfolio with Global Securities Market

The specialized financial institution, EXIM Bank of India consolidated its portfolio of international bonds with India’s leading offshore listing platform, Global Securities Market.

The specialized financial institution, EXIM Bank of India consolidated its portfolio of international bonds with India's leading offshore listing platform, Global Securities Market. Earlier, investors had to rely on London, Singapore and other international exchanges to trade on an EXIM bond. However, with the consolidation of EXIM's outstanding bonds portfolio on a single platform, India INX has emerged as a one-stop shop for investors across the globe. As India's esteemed cross-border export and investment promotion body, EXIM was amongst the leading issuers who established their USD 10 billion programmes on India INX.

Speaking on the occasion, India INX MD and CEO Shri. V. Balasubramaniam mentioned, "This is indeed special for our Global Securities Markets – Listing Platform. Marquee issuer like EXIM Bank of India has reposed it's faith on India INX at GIFT IFSC by listing their earlier international bond issuances done in London and Singapore markets worth USD 5.15 billion. This will help further Government of India's vision of making IFSC a hub for Indian and global issuers & investors and reiterates our world-class listing practice. We look forward to more issuers consolidating their portfolio on our Global Securities Market – Listing platform."

EXIM Deputy Managing Director, Shri. Debasish Mallick said, "We have listed our GMTN programme on India INX in February this year and have now consolidated our outstanding international bonds of USD 5.15 billion on the same platform. As an institution focused on promoting cross-border trade, we appreciate the potential what an offshore international exchange can offer to Indian issuers. Our global investors now have yet another attractive offshore platform with best in class services to trade on our bonds."

Since the launch of Global Securities Market, it has been the leading listing platform for bonds at GIFT IFSC. MTNs established on the platform aggregate to over USD 35.8 billion and bonds of USD 11.4 billion. Other notable issuers on India INX's Global Securities Market include REC Ltd., NTPC, IRFC, NHAI, SBI and Yes Bank.