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      Question

      The National Bank for Agricultural and Rural Development

      (Nabard) has issued three-year, three-month and 19-day bonds worth_____ at a 7.50% rate of interest.
      A Rs.7234 crore Correct Answer Incorrect Answer
      B Rs.6590 crore Correct Answer Incorrect Answer
      C Rs.5721 crore Correct Answer Incorrect Answer
      D Rs.4929 crore Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The National Bank for Agricultural and Rural Development (Nabard) has issued three-year, three-month and 19-day bonds worth тВ╣4,929 crore at a 7.50% rate of interest.Nabard, whose bonds are often considered as pricing reference points in the corporate debt market, had planned an issuance with a base size of тВ╣2,000 crore and a greenshoe option worth тВ╣3,000 crore.

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