($1 = 82.6780 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) (Corrects to Monday from Friday in first paragraph)
MUMBAI, March 20 (Reuters) - India's National Housing
Bank (NHB) has accepted bids worth 19 billion rupees ($229.8
million) for bonds maturing in three years and 10 days, three
merchant bankers said on Monday.
The state-run financial institution has set a coupon of
7.77% on this issue, for which it had invited coupon and
commitment bids from bankers and investors earlier in the day.
The bonds will have put and call option at the end of the
one year, and the issue will be settled next week.
The bonds are rated AAA by Crisil and ICRA, and will mature
in April 2026.
In February, NHB raised 19.80 billion rupees through bonds
maturing in three years and 10 days at a coupon of 7.79%.
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