MUMBAI, March 28 (Reuters) - Small Industries
Development Bank of India (SIDBI) plans to raise funds by
selling certificates of deposits maturing in one year, three
merchant bankers said on Tuesday.
The state-run financial institution will offer a yield of
7.75% on the issue, and has received commitments worth 5 billion
rupees ($60.86 million) so far, the bankers said.
The notes are rated A1+ by Care Ratings.
($1 = 82.1610 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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