MUMBAI, March 15 (Reuters) - India's Bharat Heavy
Electricals plans to raise funds selling commercial
papers maturing within March, three merchant bankers said on
Wednesday.
The company will offer a yield of 7.20% on the issue and has
received commitments worth around 5 billion Indian rupees
($60.42 million), the bankers added.
The notes are rated A1+ by CARE Ratings and will mature on
March 29.
($1 = 82.7500 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Saumyadeb Chakrabarty)
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