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Nabard to issue tax free bonds
Mumbai, Mar 06: National Bank for Agriculture and Rural Development (NABARD) is coming out with tax free bonds (TFBs) and tax free priority sector bond (TFPSBs) issues of Rs 200 crore with a right to retain over subscription on private placement through book building route.
Mumbai, Mar 06: National Bank for Agriculture and
Rural Development (NABARD) is coming out with tax free bonds
(TFBs) and tax free priority sector bond (TFPSBs) issues of Rs
200 crore with a right to retain over subscription on private
placement through book building route.
The five year TFB has an interest rate band of 4.9-5.25
per cent while it would be 4.9-5.1 per cent for TFPSBs, NABARD
said in a release here today.
The issue, which opened yesterday, closes on March 11,
it added.
Bureau Report