MUMBAI, Feb 2 (Reuters) - India's HDFC Securities plans
to raise funds through the sale of commercial papers maturing in
three months, three merchant bankers said on Thursday.
The company will offer a yield of 7.60% on the papers and
has received commitments worth around 1 billion rupees($12.21
million) so far, they said.
The notes are rated A1+ by ICRA.
($1 = 81.9275 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Nivedita Bhattacharjee)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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