India's NABARD to Issue $2.3B Deep-Discount Bonds by 2027

  Published 9 months ago

NABARD approved to raise 195B rupees via deep-discount bonds until March 2027, fifth such approval largest amount so far.

  • Deep-discount bonds issued at 20%-25% discount, no regular interest, redeemed at face value at maturity.
  • Five state-run firms approved since March 2024 to issue deep-discount debt, all must raise funds by March 2027.
  • Weak investor demand caused recent bond withdrawals, but experts see long, term appeal in softening rate cycles.

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