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ARTICLE · 25 NOVEMBER 2015

Guidelines For Issuance Of Rupee Denominated Bonds Overseas

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The detailed guidelines for issuance of Rupee denominated bonds overseas are set out below...

IndiaFinance and Banking
S&A Law Offices
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In order to facilitate Rupee denominated borrowing from overseas, the Reserve Bank of India (RBI) has issued a framework for issuance of Rupee denominated bonds overseas within the comprehensive External Commercial Borrowing Policy (ECB) via notification dated September 29, 2015.

The detailed guidelines for issuance of Rupee denominated bonds overseas are set out below:

1. Eligibility of Borrowers:

Any corporate or body corporate is eligible to issue Rupee denominated bonds overseas. Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) coming under the regulatory jurisdiction of the Securities and Exchange Board of India are also eligible.

2. Type of Instrument

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