MUMBAI, March 20 (Reuters) - India's UCO Bank plans to raise funds through a sale of certificates of deposit
maturing in three months, three merchant bankers said on Monday.
The state-run lender will offer a yield of 7.70% on the
issue and has received commitments worth around 11 billion
rupees ($133.12 million) so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.6300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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