($1 = 82.7050 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
MUMBAI, Feb 13 (Reuters) - India's Hindustan Petroleum
Corp plans to raise funds selling commercial papers
maturing in one month, three merchant bankers said on Monday.
The state-run company will offer a yield of 6.75% on the
issue, and has received commitments worth around 8 billion
rupees ($96.7 million) thus far, the bankers said.
The notes are rated A1+ by CRISIL and will mature on Mar.
17.
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.