MUMBAI, March 10 (Reuters) - India's Axis Finance plans to
raise funds by selling commercial papers maturing in one year,
three merchant bankers said on Friday.
The company will offer a yield of 8.16% on this issue and
has received commitments worth around 2 billion rupees ($24.38
million) so far, the bankers said.
The notes are rated A1+ by India Ratings.
($1 = 82.0450 Indian rupees)
(Reporting by Dharamraj Dhutia; editing by Uttaresh
Venkateshwaran)
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