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What are masala bonds?
Wow, that's a significant amount. Is there anything else I should know about masala bonds?
One thing to keep in mind is that the Reserve Bank of India has placed some restrictions on masala bond issuances, such as a minimum maturity period of 3 years and a cap on the amount that can be raised. Additionally, the interest rates on masala bonds have been relatively high compared to other types of bonds due to the higher risk involved.