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NHAI starts Rs 250 bn MTN programme on India INX's Global Securities Market

A provision to raise Rs 593 billion for NHAI was made in the Union Budget 2017-18

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Megha Manchanda New Delhi
National Highways Authority of India has established its Rs 250 billion Medium Term Note (MTN) programme on India INX’s Global Securities Market. India INX is a wholly-owned subsidiary of BSE Ltd and its Global Securities Market platform offers fundraising framework from global investors on a par with other international venues. Since its launch in January 2018, Indian issuers have established programs of $21 billion on this new platform.

NHAI started the process for the same in October, last year, after securing sovereign ratings from international agencies Moody’s and S&P. The authority plans to utilize the proceeds from the MTN,