This has became the largest such listing by a private entity in India INX and GIFT IFSC. 

In a first, SBI, India’s largest bank issued USD 300 Million Formosa bonds and listed this issuance in India INX GIFT IFSC. This is the first such issuance by any Indian Bank in Formosa Bond market.

In a first, JSW Infrastructure Limited (JSWIL), listed their 7 year USD 400 million foreign currency sustainability linked bonds exclusively on Global Securities Market (GSM) of India International Exchange at GIFT IFSC today. JSW Infrastructure’s 7 year maturity bonds have been assigned Ba2 rating by Moody’s investor services and BB+ by Fitch and are priced competitively at 4.95 per cent.