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News 2026-10-16 06:52 UTC

India New Issue — NABARD accepts bids for over 3 — year bonds, bankers say

MUMBAI, Oct 16 (Reuters) — India's National Bank for Agriculture and Rural Development has accepted bids worth 32.79 billion rupees ($344.93 million) for bonds maturing in three years, two months and 23 days, three bankers said on Friday. It will pay an annual coupon of 8.13% and had invited coupon and commitment bids