The bonds are rated AAA by CRISIL and India Ratings and the issue will be settled on Thursday. The issue had a base size of 20 billion rupees and 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 = 82.8330 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sohini Goswami)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 22 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) has accepted bids
worth 50 billion rupees ($603.62 million) for the reissue of
7.58% July 2026 bonds, three merchant bankers said on Wednesday.
The state-run company will offer a yield of 7.83% on the
reissue and had invited bids from bankers and investors earlier
in the day.
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