MUMBAI, March 21 (Reuters) - India's ICICI Bank plans to raise funds through a sale of certificates of
deposit maturing in three months, three merchant bankers said on
Tuesday.
The private lender will offer a yield of 7.25% on the issue
and has received commitments worth around 10 billion Indian
rupees ($121 million) so far, the bankers said.
The notes are rated A1+ by ICRA and CARE Ratings.
($1 = 82.6040 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Saumyadeb Chakrabarty)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.