MUMBAI, Feb 14 (Reuters) - India's Canara Bank plans to raise funds through a sale of certificates of deposit
maturing in three months, three merchant bankers said on
Tuesday.
The state-run lender will offer a yield of 7.23% on the
issue for which it has received commitments worth 20 billion
rupees ($242.2 million), the bankers said.
The notes are rated A1+ by CRISIL and the terms of the deal
were set on Monday.
($1 = 82.5940 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
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