MUMBAI, April 10 (Reuters) - India's Larsen & Toubro Ltd plans to raise funds through the sale of commercial
papers maturing in over two months, three merchant bankers said
on Monday.
The company will offer a yield of 6.95% on this issue, and
has received commitments worth around 20 billion rupees ($244.4
million), the bankers said.
The notes are rated A1+ by Crisil and will mature on June
20.
The terms of the deal were set on Thursday.
($1 = 81.8400 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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