Question
What is the coupon rate at which Nabard raised ₹4,864
crore through its bond offering?Solution
Nabard raised ₹4,864 crore through a 5-year and 4.5-month bond offering at a coupon rate of 7.40%. Although it was lower than the target of ₹7,000 crore, it indicates efforts to secure tight pricing amidst challenging market conditions.
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