MUMBAI, Feb 20 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) plans to raise at
least 20 billion rupees ($241.78 million) through the reissue of
7.58% bonds maturing in July 2026, three merchant bankers said
on Monday.
The state-run company has invited bids for yields from
bankers and investors on Wednesday. The bidding will take place
on the National Stock Exchange's electronic platform between
10:30 a.m. IST and 11:30 a.m. IST, they said.
The bonds are rated AAA by CRISIL and India Ratings, and the
issue will be settled on Thursday.
The issue has a greenshoe option to retain an additional 30
billion rupees.
Last week, NABARD raised 6.84 billion rupees through bonds
maturing in 15 years at a coupon of 7.70%.
($1 = 82.7200 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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