NABARD plans to raise Rs 2 bn via bonds

Mumbai: The National Bank for Agriculture and Rural Development (NABARD) is looking to raise Rs 2 billion through 3-year bonds at 9.70 percent, sources with direct knowledge of the matter said on Tuesday.

The bond has a put/call option at the end of 1st year, the sources said.

Barclays Capital is the sole arranger to the deal, the sources said.

Source: Financial Express