MUMBAI, May 11 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) has accepted bids
worth 49.29 billion rupees ($603 million) through bonds maturing
in three years, three months and 19 days, three merchant bankers
said on Thursday.
The state-run company will pay a coupon of 7.50% on this
bond issue for which it had invited bids from investors and
bankers earlier in the day.
The bonds are rated AAA by CRISIL and ICRA and the issue
will be settled on Friday.
In April, NABARD raised 49.23 billion rupees via reissue of
7.58% July 2026 bonds at a yield of 7.56%.
($1 = 81.7800 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Dhanya Ann Thoppil)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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.