The state-run financial institution will offer a yield of 7.40% on the issue and has received commitments worth about 40 billion rupees ($483.38 million) so far, the bankers said. The notes are rated A1+ by CARE Ratings. ($1 = 82.7500 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, Feb 21 (Reuters) - Small Industries Development
Bank of India (SIDBI) plans to raise funds by selling commercial
papers maturing in three months, three merchant bankers said on
Tuesday.
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