India's National Bank for Agriculture and Rural Development (NABARD) plans to raise at least Rs 10 billion ($120.29 million) through a sale of social impact bonds, three bankers said on Thursday. The state-run company has invited bids for the bond issue on Tuesday, they said. In July, NABARD had raised Rs 35.55 billion through the reissue of 7.50% August 2026 bonds at a yield of 7.55%.
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