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.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.
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