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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