By Bhakti Tambe
MUMBAI, April 13 (Reuters) - India's National Housing
Bank (NHB) is likely to raise up to 20 billion rupees ($244.5
million) by selling bonds maturing in around three years, three
merchant bankers said on Thursday.
The state-run financial institution is likely to tap the
bond market later in April, they said.
The bonds are likely to have a put and call option at the
end of the first year, one of the bankers said.
NHB is yet to make an official announcement of the planned
bond sale on the electronic bidding platforms, and did not
immediately respond to a Reuters request for comment.
In March, NHB raised 19 billion rupees through bonds
maturing in three years and 10 days at a coupon of 7.77%, and
this issue had a put and call option at the end of one year.
($1 = 81.8120 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
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