Luxembourg Stock Exchange and India INX Sign a Cooperation Agreement

The Luxembourg Stock Exchange (LuxSE) and the India International Exchange (IFSC) Limited (India INX) joined together to sign a cooperation agreement through which the two exchanges will enhance the visibility of listed Indian securities towards international investors by facilitating admission of such securities on LuxSE.

LuxSE is the world's leading exchange for the listing of international debt securities serving 2,000 issuers from 100 different countries. India INX is a subsidiary of the Bombay Stock Exchange and is India's first international exchange founded in January 2017.

The agreement builds on the Memorandum of Understanding signed by the two institutions in November 2020, which placed a specific focus on advancing green finance in India. Today's announcement marks the next important step undertaken by the two international exchanges to bridge the gap between India and international capital markets and strengthen cross-border cooperation in sustainable finance.

"This cooperation agreement with India INX is an important milestone for LuxSE and reflects our willingness to strengthen cross-border collaboration in international capital markets and to help reorient capital flows towards sustainable development. Through this cooperation, Indian issuers can benefit from wider, international visibility and increase their exposure to the international investment community. We are pleased to welcome on our exchange today a new green bond from an Indian issuer, and hope other Indian issuers will follow suit,"said LuxSE's Director of International Capital Markets and Member of the Executive Committee, Mr. Arnaud Delestienne.

Commenting on the development, Mr. Venkataramani Balasubramaniam, MD & CEO of India INX said:"The green corridor opportunity established with this dual listing cooperation agreement between India INX and LuxSE will go a long way in attracting more issuers from India and the region and provides access to green capital from international investors. We are delighted that Power Finance Corporation has dual listed its EUR 300 million green bond through this arrangement."