MUMBAI, March 14 (Reuters) - India's IndusInd Bank plans to raise
funds through the sale of certificates of deposit maturing in one year, three
merchant bankers said on Tuesday.
The private lender will offer a yield of 7.82% on the issue and has received
commitments worth around 5 billion rupees ($60.66 million) so far, the bankers
said.
The notes are rated A1+ by CRISIL.
($1 = 82.4220 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
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