MUMBAI, Jan 31 (Reuters) - India's LIC Housing Finance plans to raise funds through the sale of commercial
papers maturing in three months, three merchant bankers said on
Tuesday.
The housing finance company will offer a yield of 7.34% on
the issue, and has received commitments worth around 8.75
billion rupees ($106.97 million), they said.
The papers are rated A1+ by CRISIL.
($1 = 81.8000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
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