MUMBAI, Feb 21 (Reuters) - India's Kotak Mahindra Prime
plans to raise funds from the sale of commercial papers maturing
in one year, three merchant bankers said on Tuesday.
The company will offer a yield of 8.00% on the issue, and
has received commitments worth around 3.50 billion rupees
($42.29 million), the bankers said.
The notes are rated A1+ by CRISIL, and the terms of the deal
were set on Monday.
($1 = 82.7540 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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