MUMBAI, March 24 (Reuters) - India's ONGC Petro
additions plans to raise funds through the sale of commercial
papers maturing in one year, three merchant bankers said on
Friday.
The state-run petrochemicals joint venture will offer a
yield of 8.35% and has received commitments worth around 3.50
billion Indian rupees ($42.47 million), they said.
The notes are rated "A1+" by CRISIL.
($1 = 82.4100 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Maju Samuel)
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