Canada’s British Columbia has become the first foreign government issuer of masala bonds, with the province successfully raising Rs.5 billion through a rupee-denominated bond on the London Stock Exchange.
The masala bond issuance offers British Columbia a means to become well-positioned to profile our confidence in the outlook for India, and to participate in the internationalization of the rupee and India’s economy.
So let’s do:
1. Canada’s ______ Columbia issues masala bonds.
Source – The Hindu