MUMBAI, March 15 (Reuters) - India's RBL Bank plans to raise funds through the sale of certificates of deposit
maturing in three months, three merchant bankers said on
Wednesday.
The private lender will offer a yield of 7.95% on the issue
for which it has received commitments worth around 8.50 billion
rupees ($103.35 million), the bankers said.
The notes are rated A1+ by ICRA and the terms of the deal
were set on Tuesday.
($1 = 82.2420 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
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