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India's NABARD plans to raise at least 2 bln rupees via bonds

Source : REUTERS
Last Updated: Thu, Feb 14, 2013 10:30 hrs

MUMBAI, Feb 14 (Reuters) - India's National Bank for Agriculture and Rural Development (NABARD) plans to raise at least 2 billion rupees ($37.19 million) via five-year bonds at 8.79 percent, a source with direct knowledge of the deal said.

ICICI Bank and HDFC Bank are the arrangers to the deal, the source said. ($1 = 53.7850 rupees) (Reporting by Archana Narayanan; Editing by Anand Basu)

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