($1 = 82.6830 Indian rupees) (Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) By Bhakti Tambe
MUMBAI, Feb 14 (Reuters) - India's National Housing Bank
plans to raise up to 25 billion rupees ($302.4 million) through
bonds maturing in three years, three merchant bankers said on
Tuesday.
The state-run financial institution is likely to tap the
bond market before the end of February, they said.
The bonds are likely to have a put and call option at the
end of the first year, one of the bankers said.
NHB is yet to make an official announcement of the planned
bond sale on the electronic bidding platforms.
The company did not immediately respond to a Reuters request
for comment.
In June 2022, NHB raised 10 billion rupees via bonds
maturing in three years and two months at an annual coupon of
7.34%.
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