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National
Housing Bank places tier-II bonds for Rs 400 crore
Our Banking
Bureau
30 June 2003
Mumbai:
National
Housing Bank (NHB) has said that it has privately placed
tier-II bonds of Rs 400 crore.
 The
bonds carry a coupon rate of 5.77 per cent per annum and
have a maturity of five years and three months. The bank
refinanced primary lending institutions in the housing
finance sector.
During
the period July 2002-June 2003, it released refinance
of Rs  2,700
crore, an NHB press release said. "The tier-II issue
will help leverage refinance operations and increase lending
limits to housing finance institutions."
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