The state-run company will pay a yield of 7.88% on this bond reissue for which it had invited bids from bankers and investors earlier in the day. The bonds are rated AAA by Crisil and ICRA, and the issue will be settled on Monday. In February, NABARD raised 50 billion rupees through the reissue of 7.58% July 2026 bonds at a yield of 7.83%. ($1 = 82.0420 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Janane Venkatraman)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 10 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) has accepted bids
worth 48.30 billion rupees ($588.72 million) for the reissue of
7.62% January 2028 bonds, three bankers said on Friday.
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