MUMBAI, March 31 (Reuters) - India's Axis Finance plans
to raise funds by selling commercial papers maturing in 11
months, three merchant bankers said on Friday.
The company will offer a yield of 7.90% on the issue and has
received commitments worth around 1 billion rupees ($12.16
million) so far, the bankers said.
The notes are rated A1+ by India Ratings and will mature in
February 2024.
($1 = 82.2040 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
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