NABARD to raise upto Rs 5K cr via non-convertible bonds

The National Bank for Agriculture and Rural Development (NABARD), the apex financial institution for rural finance, will raise up to Rs 5,000 crore through issue of secured, redeemable, non-convertible bonds for the financial year 2015-16.

"NABARD is proposing fund raising through issue of secured, redeemable, non-convertible bonds up to Rs 5,000 crore for the financial year 2015-16," the agency said in a BSE filing.