MUMBAI, April 3 (Reuters) - India's ICICI Bank Ltd plans to raise funds through a sale of certificates of
deposit maturing in nearly one year, three merchant bankers said
on Monday.
The private lender will offer a yield of 7.50% on the issue
and has received commitments worth around 10 billion rupees
($121.4 million), the bankers said.
The notes are rated A1+ by ICRA and Care Ratings, and the
terms of the deal were set on Friday.
The notes have a value date of April 6 and will mature on
March 15.
($1 = 82.3990 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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