Nabard,

Nabard, REC Withdraw Bond Issues Amid Rising Yields Two major Indian financial institutions, Nabard and REC, have made a strategic decision to withdraw their planned bond offerings scheduled for Thursday. The withdrawal comes as market conditions presented higher-than-expected yields that would have increased borrowing costs significantly. Nabard was originally planning to raise ₹8,000 crore through a seven-year bond issuance but faced yield requirements of 7.57%, which exceeded acceptable levels for the institution's financing objectives. Rather than proceeding with unfavorable terms, Nabard has strategically repositioned its fundraising approach. The institution will attempt a fresh bond issuance on Monday, March 16, maintaining the ₹8,000 crore target but adjusting the tenure to three years instead of seven.