MUMBAI, March 17 (Reuters) - India's National Housing
Bank (NHB) plans to raise at least 10 billion rupees ($121.1
million) through a sale of bonds maturing in over three years,
three merchant bankers said on Friday.
The state-run financial institution has invited coupon and
commitment bids from bankers and investors for the issue on
Monday, they said.
The bonds will have put and call option at the end of the
one year, and the issue will be settled next week.
The issue has a greenshoe option to retain an additional 20
billion rupees, maturing in April 2026.
Earlier this month, Reuters had reported NHB is likely to
raise funds through bonds maturing in three years in March.
In February, NHB raised 19.80 billion rupees through bonds
maturing in three years and 10 days at a coupon of 7.79%.
($1 = 82.5870 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Dhanya Ann Thoppil)
