MUMBAI, Feb 6 (Reuters) - India's Cholamandalam
Investment and Finance Co plans to raise funds by
selling commercial papers maturing in three months, three
merchant bankers said on Monday.
The financial services company will offer a yield of 7.59%
on the issue and has so far received commitments worth around 10
billion Indian rupees ($121.15 million) according to the
bankers.
The notes are rated A1+ by ICRA.
($1 = 82.5430 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
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.