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Nabard to launch 10-year Zero Coupon Bond issue this month.

Global Banking News-15 April 2009-Nabard to launch 10-year Zero Coupon Bond issue this month(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 15 April 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

India's National Bank for Agriculture and Rural Development (Nabard), is planning to launch a 10-year zero coupon bond sale to raise INR20bn-INR30bn.

'The Bhavishya Nirman Bonds issue will open this month and will remain open for subscription throughout the year,' the bank's chairman Umesh Chandra Sarangi reportedly told Dow Jones Newswires.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Apr 15, 2009
Words:111
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