MUMBAI, March 29 (Reuters) - India's LIC Housing Finance plans
to raise funds through the sale of commercial papers maturing in 10 months,
three merchant bankers said on Wednesday.
The housing finance company will offer a yield of 7.88% on the issue and has
received commitments worth around 5 billion rupees ($60.73 million) so far, they
said.
The papers are rated A1+ by CRISIL and the issue has a value date of March
31.
($1 = 82.3375 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
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