NHB sets coupon to raise up to 5 bln rupees via bonds
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Last Updated: Tue, Dec 04, 2012 16:48 hrs
India's National Housing Bank plans to raise up to 5 billion rupees ($91.45 million) via bonds at 8.78 percent coupon, three sources with direct knowledge of the deal said on Tuesday.
The firm will issue 36-month unsecured bonds with a put/call option after 400 days.
The issue has a base size of 2.5 billion rupees, according to the termsheet obtained by Reuters.
Axis Bank, Nomura and HSBC India are the arrangers, they said.
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