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Bloomberg Quint

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NHB Issues 10-Year Bonds First Time In A Decade At Slightly Higher Rate Of 7.14%

  • National Housing Bank (NHB) has issued 10-year bonds for the first time in a decade.
  • The bonds were issued at a coupon rate of 7.14%.
  • Proceeds from the bond issue will be utilized for lending to housing finance companies and refinancing affordable housing assets.
  • The bonds are rated AAA by CRISIL Ratings and will be allotted on November 19.

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