Question

    SBI lists $300 million via _______based Formosa Bonds on

    India INX?
    A Hong Kong Correct Answer Incorrect Answer
    B South Korea Correct Answer Incorrect Answer
    C Taiwan Correct Answer Incorrect Answer
    D United States Correct Answer Incorrect Answer
    E Germany Correct Answer Incorrect Answer

    Solution

    State Bank of India (SBI) has issued $300 million Formosa bonds and listed the issuance on India INX GIFT IFSC. This is the first such issuance by any Indian Bank in Formosa Bond market. Formosa bond is a bond issued in Taiwan. .

    Yankee Bond : USA
    Matador Bond: Spain
    Samurai Bond: Japan
    Rembrandt bonds: Netherlands
    Panda Bond: China
    Bulldog Bonds: UK

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