MUMBAI, Feb 14 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) plans to raise funds
by selling commercial papers maturing in three months, three
merchant bankers said on Tuesday.
The state-run company will offer a yield of 7.35% on the
issue for which it has received commitments worth 50 billion
rupees ($604.49 million) so far, the bankers added.
The notes are rated A1+ by ICRA.
($1 = 82.7150 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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