MUMBAI, March 31 (Reuters) - India's IDBI Bank plans to raise funds through the sale of certificate of deposits
maturing in three months, three merchant bankers said on Friday.
The private lender will offer a yield of 7.53% on the issue,
and has received commitments worth around 5 billion rupees ($61
million), they said.
The notes are rated A1+ by Crisil and the terms of the deal
were set on Wednesday.
($1 = 82.0950 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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