The state-run financial institution will offer a yield of
7.88% on the issue and has received commitments worth around 6
billion Indian rupees ($73.12 million) so far, the bankers said.
The notes are rated A1+ by CARE Ratings.
($1 = 82.0520 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, March 9 (Reuters) - Small Industries Development
Bank of India (SIDBI) plans to raise funds by selling commercial
papers maturing in one year, three merchant bankers said today.
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