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India's NHB to raise up to 5 bln rupees via bonds

Source : REUTERS
Last Updated: Tue, Dec 04, 2012 08:10 hrs
Kotak Mahindra, Yes Bank see pressure on margins easing

India's National Housing Bank (NHB) plans to raise up to 5 billion rupees ($91.45 million) via 36-month unsecured bonds with a put/call option after 400 days, a term sheet obtained by Reuters showed on Tuesday.

The issue has a base size of 2.5 billion rupees, the document showed.

The company has invited quotes on Tuesday and the date of issue of the deal is on Friday, it showed.


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