MUMBAI, April 3 (Reuters) - India's IDFC First Bank Ltd plans to raise funds through the sale of certificates
of deposit maturing in three months, three merchant bankers said
on Monday.
The private lender will offer a yield of 7.23% on the issue
and has received commitments worth around 12 billion Indian
rupees ($145.85 million) so far, the bankers said.
The notes are rated "A1+" by CRISIL.
($1 = 82.2770 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta)
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