India New Issue-Can Fin Homes to issue 3-month CP - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 29 (Reuters) - India's Can Fin Homes plans to raise funds by selling commercial papers maturing in three months, three merchant bankers said today.


The housing finance company will offer a yield of 7.20% on the issue and has received commitments worth around 5 billion Indian rupees ($60.76 million), the bankers said. The notes are rated A1+ by CARE Ratings and have a value date of April.
($1 = 82.2850 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Vinay Dwivedi)

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