National Bank for Agriculture and Rural Development (Nabard), West Bengal, has topped in fund mobilisation among regional offices (RO), from the Bhavishya Nirman Bonds, with a collection of Rs 207 crore.
The bank collected the sum from 1,573 investors in the state during 2008-09, according to the bank's press release.
Nabard, Delhi (RO), occupied the second position at Rs 117.21 crore, followed by Rs 84.27 crore by Nabard, Gujarat (RO) in collections from the bonds.
The resources generated under the bonds would be used by Nabard for the development of agriculture and rural sectors of the country.
Bhavishya Nirman Bonds are zero coupon bonds and price per bond is Rs. 8,750, with a maturity of Rs 20,000 after ten years. No tax is deducted at source and the bonds are "AAA" rated by CRISIL and CARE, and can be traded on the Bombay Stock Exchange (BSE). The issue, which was closed during March, is likely to be opened shortly.
