MUMBAI, Feb 2 (Reuters) - India's HDFC Bank plans to raise funds by selling certificates of deposit maturing
in one year, three merchant bankers said on Thursday.
The private lender will offer a yield of 7.72% on the issue
and has received commitments worth around 29 billion Indian
rupees ($353.05 million) so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.1410 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Vinay Dwivedi)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.