Adani Electricity Mumbai lists $2 bn global MTN on India INX

Adani Electricity Mumbai lists $2 bn global MTN on India INX

PTIUpdated: Wednesday, July 14, 2021, 11:43 PM IST
article-image
With this, the total medium term note (MTN) listings on India INX's GSM platform reached USD 52.57 billion. | File pic

Adani Electricity Mumbai has listed its USD 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.

In market parlance, the medium-term note refers to a debt note that usually matures in 5-10 years.

With this, the total medium term note (MTN) listings on India INX's GSM platform reached USD 52.57 billion.

"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 USD 50.6 billion in MTN programmes and more than USD 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 USD 13.44 billion, with a 91 per cent market share among the exchanges at IFSC.

RECENT STORIES

TCS Reports 6% Q1 Net Profit Rise To ₹12,760 Crore, Announces ₹11 Interim Dividend

TCS Reports 6% Q1 Net Profit Rise To ₹12,760 Crore, Announces ₹11 Interim Dividend

Stock Market Update: Sensex & Nifty Fall As IT Stocks Drag, Investors Await TCS Earnings

Stock Market Update: Sensex & Nifty Fall As IT Stocks Drag, Investors Await TCS Earnings

India Revises Proposed Retaliatory Duties Against US Over Steel, Aluminium Tariffs In WTO

India Revises Proposed Retaliatory Duties Against US Over Steel, Aluminium Tariffs In WTO

Govt Plans Fresh Stake Sale In LIC Via OFS To Meet 10% Public Float Norm By May 2027

Govt Plans Fresh Stake Sale In LIC Via OFS To Meet 10% Public Float Norm By May 2027

Indian Commerce Team To Visit Washington For Trade Talks; Key Sticking Points Include Dairy, Autos

Indian Commerce Team To Visit Washington For Trade Talks; Key Sticking Points Include Dairy, Autos