($1 = 82.0650 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 8 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) plans to raise at
least 20 billion rupees ($243.7 million) through the reissue of
7.68% January 2028 bonds, three merchant bankers said on
Wednesday.
The state-run company has invited bids for yields from
bankers and investors on Friday. Bidding will take place on the
Bombay 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 ICRA, and the issue
will be settled on Monday.
The issue also has a greenshoe option to retain an
additional 30 billion rupees.
In February, NABARD raised 50 billion rupees through the
reissue of 7.58% July 2026 bonds at a yield of 7.83%.
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