MUMBAI, April 6 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) plans to raise funds
by selling commercial papers maturing in three months, three
merchant bankers said on Thursday.
The state-run company will offer a yield of 7.15% on the
issue, for which it has received commitments worth around 40
billion rupees ($488 million) so far, the bankers said.
The notes are rated A1+ by ICRA.
($1 = 81.9630 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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