MUMBAI, March 29 (Reuters) - Small Industries
Development Bank of India (SIDBI) plans to raise funds by
selling commercial papers maturing in one year, three merchant
bankers said on Wednesday.
The state-run financial institution will offer a yield of
7.75% on the issue and has received commitments worth about 11
billion rupees ($133.61 million), the bankers said.
The notes are rated A1+ by CARE Ratings and have a value
date of Friday.
($1 = 82.3300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita
Bhattacharjee)
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