India International Exchange (INX) is targeting to list over USD 1 trillion of debt on its platform in the next decade, chief executive of its parent BSE said on Thursday.
BSE CEO Ashishkumar Chauhan said the exchange which is located at India s only International Financial Services Centre (IFSC) at Gandhinagar s GIFT City is becoming the preferred platform for listing of bonds issued by Indian corporates. I am sure over the next decade or so, we will be hopefully listing over USD 1 trillion of debt and probably even more of equity, REITs (Real Estate Investment Trust), Invits (Infrastructure Investment Trust) and many other instruments, Chauhan said.
Foreign fund-raising activity by Indian entities has begun on a strong note with bank and financial institutions mopping up $2 billion in the first week of the new year. Many Indian corporate houses are in advanced stages of resource mobilisation, which may take the fund-raise tally to $5 billion in by early February, investments bankers said. Fund-raising volumes across the globe, especially through dollar bonds, was the highest ever in 2020, and the first three sessions of 2021 witnessed about $50 billion in fund-raising. In India, Export Import Bank of India raised $1 billion, State Bank of India garnered $600 million, and Shriram Transport about $500 million. This was done without conducting roadshows.