MUMBAI, March 21 (Reuters) - India's Housing Development
Finance Corp Ltd plans to raise funds through the sale
of commercial papers maturing in 11 months, three merchant
bankers said on Tuesday.
The non-banking financial company will offer a yield of
7.90% on the issue, and has received commitments worth 3 billion
rupees ($36.3 million) so far, they said.
The notes are rated A1+ by Crisil and will mature in
February 2024.
($1 = 82.6740 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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