MUMBAI, Feb 13 (Reuters) - India's Kotak Securities
plans to raise funds by selling commercial papers maturing in
three months, three merchant bankers said on Monday.
The company will offer a yield of 7.59% on this issue for
which it has received commitments worth around 5 billion rupees
($60.49 million) so far, the bankers said.
The notes are rated A1+ by ICRA.
($1 = 82.6650 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry
Jacob-Phillips)
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