MUMBAI, Feb 2 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) has set 7.58% coupon
for bonds maturing in three years and six months, three merchant
bankers said on Thursday.
The state-run company had invited coupon and commitment bids
from bankers and investors earlier in the day, and accepted bids
worth 47.02 billion rupees ($573.72 million), they said.
The bonds are rated AAA by CRISIL and ICRA.
The issue will close for subscription on Friday. It will
mature in July 2026.
In January, NABARD had raised 47.16 billion rupees via bonds
maturing in three years and two months at 7.57% coupon.
($1 = 81.9390 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe;
Editing by Sohini Goswami)
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