MUMBAI, March 20 (Reuters) - India's Axis Finance plans
to raise funds by selling commercial papers maturing in one
year, three merchant bankers said on Monday.
The company will offer a yield of 8% on the issue and has
received commitments worth around 1.25 billion Indian rupees
($15.12 million) so far, the bankers said.
The notes are rated A1+ by India Ratings.
($1 = 82.6675 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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