MUMBAI, March 28 (Reuters) - India's National Bank for
Agriculture and Rural Development has set a coupon of 7.78% on
its bonds maturing in 15 years, three merchant bankers said on
Tuesday.
The state-run company has accepted bids worth 8.6 billion
rupees ($104.61 million) on this issue for which it had invited
bids earlier in the day.
The bonds are rated AAA by CRISIL and India Ratings and the
issue will be settled on Wednesday.
Earlier this month, NABARD raised 48.30 billion rupees via
the reissue of 7.62% January 2028 bonds.
($1 = 82.2090 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by
Janane Venkatraman)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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