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Medial • 10m

🏠 India Launches First Residential Mortgage-Backed Securities (RMBS) India has introduced its first listing of residential mortgage-backed securities (RMBS) through a bidding process. The National Housing Bank (NHB) aims to raise between ₹100 billion and ₹200 billion during the current financial year via 7 to 10 such transactions. LIC Housing Finance recently raised ₹10 billion through 20-year securities with a 7.26% coupon, payable monthly, and listed them on the National Stock Exchange. Experts believe this successful offering will pave the way for other housing finance companies to follow suit. #IndianHousing #RMBS #FinanceNews

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