Luxembourg Stock Exchange admits bond denominated in Indian rupees to trading on its regulated market


Luxembourg, 23-4-2014 — /EuropaWire/ — On 22 April 2014, the Luxembourg Stock Exchange admitted to trading to its regulated market a bond denominated in Indian rupees (INR), making this the fifth bond in this currency to be listed in Luxembourg.

This issue is the latest tranche of a global medium-term note program from International Finance Corporation, a supranational entity that is the private sector investment arm of the World Bank. It is part of the drive to internationalise the Indian currency and to attract foreign investment in India’s capital markets.

With an issue amount of INR 12 billion (equivalent to USD 199 million), these latest notes (ISIN US45950VDB99) carry an annual interest of 8.25%, payable in US dollars. The majority of the subscribers were from outside Asia.

The Luxembourg Stock Exchange currently lists sixty securities from International Finance Corporation. It also lists more than 770 securities from eleven other supranationals.

About the Luxembourg Stock Exchange (LuxSE)
The Luxembourg Stock Exchange is the leading exchange for the listing of international securities. It offers a high quality and efficient listing service that meets the needs of international capital markets and their participants.

The long experience of the LuxSE in international securities combined with its established listing procedures attract a very wide range of issuers and financial instruments. Currently, the Luxembourg Stock Exchange has around 40,000 quotation lines, including some 26,500 related to bonds. These come from 3,000 issuers in 100 countries.

The Luxembourg Stock Exchange operates two markets: an EU regulated market, called the “Bourse de Luxembourg” market, and the Euro MTF, an exchange-regulated market. All securities are tradable on NYSE Euronext’s UTP platform.

The LuxSE also operates a specialist subsidiary, Fundsquare ( that provides services to substantially support and standardise cross-border distribution of investment funds.

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