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MUMBAI: India's National Bank for Agriculture and Rural Development (NABARD) plans to raise at least 2.5 billion rupees via three-year bonds at 8.80 percent, a source with direct knowledge of the deal said.
The bond has a put-call option at the end of one year and one day, said the source.
HSBC and DBS are the arrangers to the bond sale, the source said.
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