($1 = 82.7900 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Feb 15 (Reuters) - India's NLC Tamil Nadu Power
plans to raise funds by selling commercial papers maturing in
three months, three merchant bankers said on Wednesday.
The state-run company will offer a yield of 7.43% on this
issue and it has received commitments worth around one billion
rupees ($12.1 million), the bankers said.
The papers are rated A1+ by Brickwork Ratings.
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