By Bhakti Tambe
MUMBAI, March 2 (Reuters) - India's National Housing
Bank (NHB) is likely to raise up to 20 billion rupees ($242.31
million) through bonds maturing in three years, three merchant
bankers said on Thursday.
The state-run financial institution is likely to tap the
bond market later in March, 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.
The company did not immediately respond to a Reuters request
for comment.
NHB is yet to make an official announcement of the planned
bond sale on the electronic bidding platforms.
In February, NHB raised 19.8 billion rupees through bonds
maturing in three years and 10 days at a coupon of 7.79%.
($1 = 82.5400 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sohini Goswami)
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