($1 = 82.5050 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, March 15 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) plans to raise funds
by selling commercial papers maturing in three months, three
merchant bankers said on Wednesday.
The state-run company will offer a yield of 7.54% on the
issue for which it has received commitments worth around 5
billion rupees ($60.6 million) so far, the bankers said.
The notes are rated A1+ by ICRA.
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