MUMBAI, April 21 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) has accepted bids
worth 49.23 billion rupees ($599.16 million) for the reissue of
7.58% July 2026 bonds, three bankers said on Friday.
The state-run company will offer a yield of 7.56% on the
reissue, for which it had invited bids from investors and
bankers earlier in the day.
The bonds are rated AAA by Crisil and 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%.
($1 = 82.1650 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Sohini Goswami)
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