Debt

Debt financing

NaBFID raises Rs.5,000-Cr via debut CD

Business Standard  

The National Bank for Financing Infrastructure and Development (NaBFID) has raised INR 5,000 crore through its debut one-year certificate of deposit (CD) issuance at 6.95%. The issuance attracted participation from institutional investors, including mutual funds, banks, and treasury desks.This debut one-year certificate of deposit issuance was priced 5-7 basis points more competitively than comparable issuances by other AIFIs, including those of National Bank for Agriculture and Rural Development (NABARD) and the Small Industries Development Bank of India (SIDBI).