<h1>IFC Launches $161M Tranche of Global Rupee Bond Program, Boosting India's Capital Markets and Infrastructure Funding.</h1> The International Finance Corporation (IFC) has issued the first tranche of $161 million under its $1 billion Global Rupee Bond Program, aimed at strengthening India's capital markets. The program involves issuing rupee-linked bonds to finance private sector investments in India, with exchange rate risk borne by investors. The inaugural tranche was oversubscribed, attracting 27 global investors, and features a 3-year tenor and a 7.75% coupon. This initiative is crucial for infrastructure funding and signals India's economic strengths to international markets. It also aims to broaden India's international investor base and develop both offshore and onshore debt capital markets.