($1 = 82.2040 Indian rupees) (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, April 19 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) plans to raise at
least 20 billion rupees ($243.30 million) through bonds maturing
in three years, three months and seven days, three bankers said
on Wednesday.
The state-run company has invited bids from investors and
bankers on Friday, they said, adding bidding would take place on
the National Stock Exchange's electronic bidding platform
between 11:30 a.m. IST and 12:30 p.m. IST.
The issue also has a greenshoe option to retain an
additional subscription of up to 30 billion rupees.
The bonds are rated AAA by CRISIL and will mature in July
2026. The issue will be settled on Monday.
In March, NABARD raised 8.6 billion rupees through bonds
maturing in 15 years at a coupon of 7.78%.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.