NE BUSINESS BUREAU
NEW DELHI, JULY 14
Adani Electricity Mumbai has listed its US $2 billion global medium term note programme on BSE-owned India International Exchange’s debt listing platform, the bourse said in a statement on Wednesday.
With this, the total medium term note (MTN) listings on India INX’s GSM platform reaches US $52.57 billion. In market parlance, the medium-term note refers to a debt note that usually matures in 5-10 years.
“Our competitive listing guidelines and seamless processes have made it possible for more and more issuers to list on our platform,” India INX MD and CEO V. Balasubramaniam said.
Since, India INX inaugurated Global Securities Market for listing bonds in January 2018, it has emerged as the largest listing platform for bonds at GIFT IFSC (International Financial Services Centre).
Till date, Global Securities Market has established US $50.6 billion in MTN programmes and more than US $27.4 billion of bonds issued with 69 issuances. India INX, BSE’s international arm, commenced its trading activities in January 2017 and is country’s first International Exchange set up at GIFT IFSC. The average daily turnover at the exchange for the month of June was US $13.44 billion, with a 91 percent market share among the exchanges at IFSC.
