India New Issue — NABARD to issue over 3 — year bonds, bankers say

MUMBAI, Oct 15 (Reuters) — India's National Bank for Agriculture and Rural Development RBINDN.UL plans to raise up to 50 billion rupees ($525.49 million), including a greenshoe option of 40 billion rupees, through the sale of bonds maturing in three years, two months and 23 days, three bankers said on Thursday. It has invited coupon and commitment bids for the issue on Friday, they said. The company did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on October 15: Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date NABARD 3 years, 2 To be decided 10+40 October 16 AAA months and (Icra, 23 days India Ratings ) Size includes base plus greenshoe for some issues ($1 = 95.1500 Indian rupees) (Reporting by Khushi Malhotra; Editing by Nivedita Bhattacharjee) ((Khushi.malhotra@tr.com)