The private lender will offer a yield of 7.50% on the issue and has received commitments worth around 5 billion rupees ($60.5 million) so far, the bankers said. The notes are rated A1+ by CRISIL. ($1 = 82.6130 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Sonia Cheema)
MUMBAI, March 20 (Reuters) - India's IDFC First Bank plans to raise funds through the sale of certificates
of deposit maturing in three months, three merchant bankers said
on Monday.
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