Consider the following statements regarding Masala Bonds:

1. Masala bonds are rupee-denominated bonds issued outside India by Indian entities.

2. Masala Bonds can only be issued by public sector units (PSUs) in India.

3. The funds procured through Masala Bonds cannot be used in real estate activities, other than for development of integrated townships or affordable housing projects.

Which of the statements given above is/are correct?

1
1 only
2
1 and 3 only 
3
2 and 3 only 
4
1, 2 and 3

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