The long-awaited MBS issue from the India's National Housing Bank (NHB) is in the final straight and may even make it to market before the end of March.

The deal which will be the country's first MBS is being arranged by domestic firms SBI Capital Markets and ICICI Securities, announced NHB chairman and managing director P.P. Vora. It will be worth up to Rs700 million ($16 million)

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