The Hindu Business Line : Nabard hikes rates on capital gains bonds

THE National Bank for Agriculture and Rural Development (Nabard) has increased the rates of interest offered on its Capital Gains Bonds Issue from 5.2 per cent to 5.5 per cent for bonds with three years' tenure and from 5.3 per cent to 5.6 per cent for bonds with five years' tenure with effect from August 22, said a press release from Nabard.

This year, it has mobilised over Rs 1,000 crore from the market under Nabard CGB Issue.

Further, an amount of Rs 875 crore was mobilised under Non-Priority Sector Bonds Issue on August 8. The issue was oversubscribed by four times, the release said.

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