In the first issue of fund raising through bonds in 2023, National Bank for Agriculture and Rural Development (NABARD) has raised close to Rs 5,000 crore via three-year bonds.
The coupon for the three-year bond was 7.63 per cent. The yield on government bonds with similar maturity was above 7.16 per cent.
Bonds by corporates and financial sector players carry a spread over government paper.
Bond dealers said NABARD was able to get fine rates as supply of paper in the market is low.
The issue by NABARD had a base size of Rs 2,000 crore plus a green-shoe option