MUMBAI, Feb 22 (Reuters) - India's JM Financial Services
plans to raise funds through the sale of commercial papers
maturing in three months, two merchant bankers said on Friday.
The financial services company will offer a yield of 8.53%
on the issue and has accepted bids worth 500 million rupees
($6.04 million) so far, they said.
The notes are rated A1+ by ICRA and CRISIL and have a value
date of Friday.
($1 = 82.8220 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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