MUMBAI, April 11 (Reuters) - India's Cholamandalam
Investment and Finance Co Ltd plans to raise funds by
selling commercial papers maturing in one year, three merchant
bankers said on Tuesday.
The financial services company will offer a yield of 8.20%
on the issue and has received commitments worth around 5 billion
rupees ($60.94 million) so far, according to the bankers.
The notes are rated A1+ by ICRA.
($1 = 82.0510 Indian rupees)
(Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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