($1 = 81.9575 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, April 10 (Reuters) - India's National Bank for
Agriculture and Rural Development (NABARD) plans to raise funds
by selling commercial papers maturing in nearly three months,
three merchant bankers said on Monday.
The state-run company will offer a yield of 6.95% on the
issue for which it has received commitments worth around 10
billion rupees ($122 million) so far, the bankers said.
The notes are rated A1+ by ICRA and will mature at end of
June.
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