($1 = 82.2920 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, March 27 (Reuters) - India's Sundaram Home
Finance Ltd plans to raise funds by selling commercial papers
maturing in six months, three merchant bankers said on Monday.
The housing finance company will offer a yield of 7.85% on
the papers and it has so far received commitments worth around 2
billion rupees ($24.30 million), they said.
The notes are rated A1+ by ICRA and have a value date of
April 5.
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.