($1 = 82.5200 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, March 15 (Reuters) - Small Industries Development
Bank of India (SIDBI) plans to raise funds by selling commercial
papers maturing in three months, three merchant bankers said on
Wednesday.
The state-run financial institution will offer a yield of
7.54% on the issue and has received commitments worth about 26
billion rupees ($315.1 million) so far, the bankers said.
The notes are rated A1+ by CARE Ratings and will mature on
June 16.
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