MUMBAI, March 27 (Reuters) - India's National Bank for
Agriculture and Rural Development(NABARD) plans to raise funds
by selling certificates of deposit maturing in one year, three
merchant bankers said on Monday.
The state-run company will offer a yield of 7.75% on the
issue, for which it has received commitments worth around 37
billion rupees ($449.4 million) so far, the bankers added.
The notes are rated A1+ by ICRA.
($1 = 82.3300 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
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