Eurobonds have been in existence since 1963. Masala bonds are an offshoot of Eurobonds with changes in the choice of currencies and some modifications. You can read about the Masala Bonds – Benefits, Features & Significance in the given link.
Masala Bonds are rupee-denominated bonds issued outside India by Indian entities. There are as many as 30 offshore Indian rupee bonds which are listed on the London Stock Exchange (LSE).
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