Nabard plans to raise up to Rs. 2,000 crore via 3-year bonds

NABARD plans to raise at least 20 billion rupees ($242.6 million) through bonds maturing in three years and four months, three bankers said.

The state-run company has invited bids from investors and bankers between 10:30 a.m. IST and 11:30 a.m. IST on the National Stock Exchange’s electronic bidding platform.

In May, NABARD raised 49.29 billion rupees via bonds maturing in three years, three months and 19 days at a 7.50% coupon.