MUMBAI, Feb 15 (Reuters) - India's Punjab & Sind Bank plans to raise funds through the sale of certificates
of deposit maturing in three months, three merchant bankers said
on Wednesday.
The state-run lender will offer a yield of 7.50% on the
issue and has received commitments worth around 5 billion Indian
rupees ($60.31 million), the bankers said.
The notes are rated A1+ by CRISIL and the terms of the deal
were set on Tuesday.
($1 = 82.9090 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
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