MUMBAI, Jan 31 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) plans to raise at
least 20 billion rupees ($244.82 million) through a sale of
bonds maturing in three years and six months, three merchant
bankers said on Tuesday.
The state-run company has invited coupon and commitment bids
from bankers and investors between 10:30 a.m. IST and 11:30 a.m.
IST on Friday, they said.
The bonds are rated AAA by CRISIL and ICRA, and the issue
will close for subscription next week.
The issue has a greenshoe option to retain an additional 30
billion rupees and will mature in July 2026.
Earlier this month, NABARD had raised 47.16 billion rupees
via bonds maturing in three years and two months at 7.57%
coupon.
($1 = 81.6920 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; editing by
Uttaresh.V)
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