MUMBAI, April 11 (Reuters) - India's Mahindra and
Mahindra Financial Services plans to raise funds
through the sale of commercial papers maturing in one year,
three merchant bankers said on Tuesday.
The non-banking finance company will offer a yield of 7.90%
on this issue, and has received commitments worth around 5
billion rupees ($60.91 million) so far, they said.
The notes of the company are rated A1+ by Crisil.
($1 = 82.0850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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