The bonds are rated AAA by CRISIL. The issue will be closed for subscription on Friday. Earlier this month, NABARD raised 47.02 billion rupees through bonds maturing in three years and six months at a coupon of 7.58%. ($1 = 82.6250 Indian rupees) (Reporting by Dharamraj Dhutia;Editing by Dhanya Ann Thoppil)
MUMBAI, Feb 16 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) has set 7.70% coupon
for bonds maturing in 15 years, three merchant bankers said on
Thursday.
The state-run company had invited bids for the bond issue
from investors and bankers earlier in the day, and accepted them
for 6.84 billion rupees ($82.78 million), they said.
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