National housing bank said to scrap 5 billion rupee bond sale
National Housing Bank, India’s state-owned lender to home-mortgage companies, scrapped plans to raise as much as 5 billion rupees selling three-year bonds today, according to a person with direct knowledge of the matter.
Bids received from banks were not acceptable to the New Delhi-based lender, the person said, asking not to be identified, as the details are private.
National Housing will wait for better market conditions, the person said.
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