Hopefully, this will alleviate the Brexit woes somewhat.
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Aug 1 British finance minister Philip Hammond welcomed the issuance on Monday of the first offshore rupee-denominated bond from a private company, saying it highlighted London's status as a leading global finance centre.
The three-year bond, from Indian bank Household Development Finance Corporation, raised 30 billion rupees ($450 million) at a yield of 8.33 percent and was more than four times oversubscribed, Britain's finance ministry said.
"HDFC is the first company to issue a bond of this type and their decision to issue and list in London is a clear sign that Britain's capital is the world's number one financial centre," the ministry said.
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UK welcome first London sale of rupee bond from Indian private company
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Aug 1 British finance minister Philip Hammond welcomed the issuance on Monday of the first offshore rupee-denominated bond from a private company, saying it highlighted London's status as a leading global finance centre.
The three-year bond, from Indian bank Household Development Finance Corporation, raised 30 billion rupees ($450 million) at a yield of 8.33 percent and was more than four times oversubscribed, Britain's finance ministry said.
"HDFC is the first company to issue a bond of this type and their decision to issue and list in London is a clear sign that Britain's capital is the world's number one financial centre," the ministry said.
...
UK welcome first London sale of rupee bond from Indian private company
