($1 = 81.9880 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 8 (Reuters) - Union Bank of India Ltd plans to raise funds by issuing certificate of
deposits maturing in three months, three traders said on
Wednesday.
The bank will offer a yield of 7.70% on the issue and has
received commitments worth around 12 billion rupees ($146.4
million) so far, they said.
The notes are rated A1+ by Crisil.
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