TITLE

Foreign funds boost home & highway building

PUB. DATE
November 2014
SOURCE
FRPT- Infrastructure Snapshot;11/30/2014, p6
SOURCE TYPE
Industry Profile
DOC. TYPE
Industry Report
ABSTRACT
The article reports on the 10-year bond sold by World Bank's International Finance Corp. to global investors in November 2014 which raised $162 million to boost home and highway building projects in India. It notes that the proceeds will be used to buy notes issued in the country to accelerate the country's infrastructure project funding. It also mentions that the bonds will allow money managers to invest in India's development and earn a 6.3% yield as compared with 2.3% on U.S. treasuries.
ACCESSION #
99971502

 

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