New Enroll in RBI Grade B New Batch - Starts on May 21

    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.4929 crore Correct Answer Incorrect Answer
    B Rs.5010 crore Correct Answer Incorrect Answer
    C Rs.6123 crore Correct Answer Incorrect Answer
    D Rs.7658 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 ₹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 ₹2,000 crore and a greenshoe option worth ₹3,000 crore.

    Practice Next

    Relevant for Exams: