MUMBAI, Feb 15 (Reuters) - India's Reliance Jio Infocomm
plans to raise funds from the sale of commercial papers maturing
in three months, three merchant bankers said on Wednesday.
The company will offer a yield of 7.35% on this issue and it
has received commitments worth around 35 billion rupees
($422.15 million), the bankers said.
The notes are rated A1+ by CARE Ratings and the terms of the
deal were set on Tuesday.
($1 = 82.9090 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
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