NaBFID to raise ₹8,000 cr via bonds, includes first 5-yr paper: Bankers

NaBFID to raise ₹8,000 cr via bonds, includes first 5-yr paper: Bankers

India's National Bank for Financing Infrastructure and Development (NaBFID) plans to raise ₹8,000 crore ($938.2 million) through a bond sale on Monday, which includes a five-year paper for the first time since it started issuing debt, three merchant bankers said. It also aims to raise at least ₹2,000 crore through 10-year papers, with a greenshoe option of ₹3,000 crore, the bankers added. The bonds are rated AAA by Icra and Crisil and the compan…