Foreign funds boost home & highway building

November 2014
FRPT- Infrastructure Snapshot;11/30/2014, p6
Industry Profile
Industry Report
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.


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