MUMBAI, Feb 15 (Reuters) - India's Canara Bank plans to raise funds through a sale of certificates of deposit
maturing in three months, three merchant bankers said on
Wednesday.
The state-run lender will offer a yield of 7.33% on the
issue for which it has received commitments worth 55 billion
rupees ($664.27 million), the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.7980 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
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