Companies & Sectors
IFC issues 15-Year Masala Bond for development in India
The 15-year, Rs200 crore Masala bonds would be listed on LSE and its proceeds would be used to advance private sector development in India, says IFC
 
IFC, a member of the World Bank Group, has issued Rs200 crore-or nearly $30 million-in 15-year Masala bonds, marking the longest-dated offshore rupee bond to be issued. The issuance will be listed on the London Stock Exchange and proceeds of the bonds will be used to advance private sector development in India.
 
In a statement, IFC says, the bonds will help deepen India's capital markets by extending the yield curve and setting a pricing benchmark for future issuances with similar maturities. IFC has previously issued Masala bonds in maturities of three, five, seven, and 10 years.
 
"Lasting prosperity depends on strong and efficient capital markets," said IFC VP and Treasurer Jingdong Hua. "With our latest Masala bond issuance, IFC has created an offshore rupee-market yield curve that stretches from three to fifteen years, deepening the market and making it more resilient. This sends a clear signal that investor demand for high-quality assets in India remains strong, despite global financial uncertainties."
 
The triple-A-rated bonds are issued under IFC's $3 billion Masala bond program. Under the program, IFC has issued bonds worth almost Rs11,000 crore, including the first green Masala bond to support climate-smart investment in India. IFC has invested proceeds of the Masala bond program in 11 private sector development projects in India.
 
IFC has also issued onshore Maharaja bonds under a $2.5 billion program for issuances in India's domestic capital markets.

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Unhealthy diet, sedentary lifestyle may trigger ageing
New York : Poor and unhealthy diet coupled with lack of exercise and a sedentary lifestyle may accelerate the ageing process in humans, warn US researchers.
 
A type of cells called senescent cells contribute to diseases and conditions associated with age. 
 
The researchers found that exercise prevents premature senescent cell accumulation and protects against the damaging effects of an unhealthy diet, including deficiencies in physical, heart and metabolic function.
 
"We think that at both biological and clinical level, poor nutrition choices and inactive lifestyles do accelerate ageing," said senior author Nathan LeBrasseur from Mayo Clinic in the US.
 
In the study, researchers introduced mice to either a normal, healthy diet or a diet that they termed a "fast food diet" -- one that was high in saturated fat and cholesterol along with a sugar-sweetened beverage. 
 
Mice on the fast food diet showed harmful changes in health parameters, including body weight and composition, increasing their fat mass by nearly 300 percent over the course of about four months. 
 
Half the mice, including mice on both the healthy and unhealthy diets, were given exercise wheels.
 
The findings showed mice that had been exposed to the fast food diet but exercised showed suppression in body weight gain and fat mass accumulation and were protected against the accumulation of senescent cells. 
 
"It doesn't mean that we need to be marathon runners but we need to find ways to increase our habitual activity levels to stay healthy and prevent processes that drive ageing and ageing-related diseases," LeBrasseur noted.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Donald Trump speaks like a sixth grader: Study
New York : Republican presidential hopeful Donald Trump may have mesmerised his fans with provocative speeches but researchers have found that in terms of use of words and grammar, he can be compared to a sixth grader.
 
Most presidential candidates in the US are using words and grammar typical of students in grades six to eight, though Donald Trump tends to lag behind the others, the study said.
 
For the study, the researchers at Carnegie Mellon University's Language Technologies Institute (LTI) did a readability analysis of presidential candidate speeches.
 
A historical review of their word and grammar use suggests that all five candidates in the analysis -- Republicans Trump, Ted Cruz and Marco Rubio (who has since suspended his campaign), and Democrats Hillary Clinton and Bernie Sanders -- have been using simpler language as the campaigns have progressed, the researchers said.
 
Again, Trump is an outlier, with his grammar use spiking in his Iowa Caucus concession speech and his word and grammar use plummeting again during his Nevada Caucus victory speech, according to the study.
 
A comparison of the candidates with previous presidents showed president Abraham Lincoln outpacing them all, boasting grammar at the 11th grade level, while president George W. Bush's fifth grade grammar was below even that of Trump.
 
"Assessing the readability of campaign speeches is a little tricky because most measures are geared to the written word, yet text is very different from the spoken word," said one of the researchers Maxine Eskenazi in an official statement.
 
"When we speak, we usually use less structured language with shorter sentences," Eskenazi noted.
 
The researchers used a readability model called REAP, which looks at how often words and grammatical constructs are used at each grade level.
 
Based on vocabulary, campaign trail speeches by past and present presidents -- Lincoln, Reagan, Bill Clinton, George W. Bush and Obama -- were at least on the eighth grade level, while the current candidates ranged from Trump's seventh grade level vocabulary to Sanders' 10th grade level. 
 
In terms of grammar, the current candidates generally had scores between sixth and seventh grades, with Trump just below sixth grade level, the study said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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