MUMBAI, March 28 (Reuters) - India's JM Financial
Properties & Holdings plans to raise funds selling commercial
papers maturing in three months, two merchant bankers said on
Tuesday.
The non-banking finance company will offer a yield of 8.25%
on this issue, and has received commitments worth 1 billion
rupees ($12.2 million), they said.
The notes are rated A1+ by ICRA and CARE Ratings and the
issue has a value date of Wednesday.
($1 = 82.1950 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
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