Issuer

National Bank for Agriculture and Rural Development (NABARD).

Type of Instrument

Public Issue of tax-free, secured, redeemable, non-convertible Bonds of face value of Rs. 1,000.00 each in the nature of Debentures having tax benefits under section 10(15)(iv)(h) of the Income Tax Act.

Nature of Instrument

Tax-free, secured, redeemable, non-convertible bonds in the nature of debentures.

Mode of Issue

Public Issue.

Nature of Indebtedness

The claims of the Bondholders shall be superior to the claims of any unsecured creditors of NABARD, existing or in the future, and subject to applicable statutory and/or regulatory requirements. Further, the claims of the Bondholders shall rank pari passu inter se to the claims of other secured creditors of NABARD having the same security.

Listing

The Bonds are proposed to be listed on BSE within 12 Working Days from the Issue Closing Date.

Put/Call

Not Applicable

Rating of the Instrument

"CRISIL AAA / Stable" by CRISIL and "Ind AAA" / Stable by India Ratings.

Issue Size

Rs.3,500 crore.

Default Interest Rate

As specified in the Bond Trust Deed to be executed between NABARD and the Trustee for the Bondholders.

Issue Price/Face Value

Rs.1,000 for each bond.

Issue Opening Date

As mentioned in the Prospectus.

Issue Closing Date

As mentioned in the Prospectus.

The Issue shall remain open for subscription from 10:00 a.m. to 5:00 p.m. (Indian Standard Time) during the period indicated above, with an option for early closure or extension as may be decided by the Board or a duly constituted committee or authorized person thereof. In the event of such early closure or extension of the subscription period of the Issue, the Issuer shall ensure that public notice of such early closure or extension is published on or before the date of such early date of closure or the Issue Closing Date, as the case may be, through advertisement(s) in at least one leading national daily newspaper with wide circulation.

Deemed Date of Allotment

Deemed Date of Allotment shall be the date on which the Board or a duly constituted committee or authorized person thereof approves the Allotment of the Bonds for the Issue or such date as may be determined by the Board or a duly constituted committee or authorized person thereof and notified to the Stock Exchange. All benefits relating to the Bonds including interest on Bonds shall be available to the Bondholders from the Deemed Date of Allotment. The actual allotment of Bonds may take place on a date other than the Deemed Date of Allotment.

Trading mode

Compulsorily in dematerialized form**

Issuance mode

Dematerialised form or physical form as specified by an Applicant in the Application Form.

Depositories

NSDL and CDSL.

Lead Managers to the Issue

A. K. CAPITAL SERVICES LIMITED,  EDELWEISS FINANCIAL SERVICES LIMITED,  ICICI SECURITIES LIMITED,  RR INVESTORS CAPITAL SERVICES PVT. LTD., SBI CAPITAL MARKETS LIMITED.

Bond Trustee

Axis Trustee Services Limited.