Question

    The National Bank for Agricultural and Rural Development (Nabard) has issued three-year, three-month and 19-day bonds worth_____ at a 7.50% rate of interest.

    A Rs.7234 crore Correct Answer Incorrect Answer
    B Rs.6590 crore Correct Answer Incorrect Answer
    C Rs.5721 crore Correct Answer Incorrect Answer
    D Rs.4929 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The National Bank for Agricultural and Rural Development (Nabard) has issued three-year, three-month and 19-day bonds worth ₹4,929 crore at a 7.50% rate of interest.Nabard, whose bonds are often considered as pricing reference points in the corporate debt market, had planned an issuance with a base size of ₹2,000 crore and a greenshoe option worth ₹3,000 crore.

    Practice Next