The state-run financial institution will offer a yield of 7.24% on the issue, and has received commitments worth about 60 billion rupees ($726.62 million) so far, the bankers said. The notes are rated A1+ by CARE Ratings. ($1 = 82.5740 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Eileen Soreng)
MUMBAI, Feb 10 (Reuters) - Small Industries Development
Bank of India (SIDBI) plans to raise funds by selling commercial
papers maturing in three months, three merchant bankers said on
Friday.
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