MUMBAI, Feb 21 (Reuters) - India's Bajaj Finance plans to raise funds by selling commercial papers
maturing in one year, three merchant bankers said on Tuesday.
The non-banking financial company will offer a yield of
8.00% on the issue, and has received commitments worth around
7.50 billion rupees ($90.58 million)so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.8000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.