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HSBC helps funds steer India bond mkt
Mint Mumbai
|April 09, 2024
HSBC Holdings Plc is engaging with over 200 overseas funds to help establish their presence in India ahead of the nation's entry into global debt indexes.
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The bank is among custodians helping global investors.
with registration and other formalities as they gear up for the nation's sovereign debt to be added to JPMorgan Chase & Co.'s emerging-market gauge from June.
"Getting the bond index inclusion is starting of the journey," Anita Mishra, head of markets and securities services for HSBC India, said in an interview last week. The bank is holding road shows, meeting funds in London, Hong Kong and the US, to "get the India story out there".
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