MUMBAI, April 12 (Reuters) - India's Aditya Birla
Housing Finance plans to raise funds by selling commercial
papers maturing in over two months, three merchant bankers said
on Wednesday.
The non-banking finance company will offer a yield of 7.01%
on this issue, and has received commitments worth around 1
billion rupees ($12.20 million), the bankers said.
The notes are rated A1+ by ICRA and will mature on June 27.
($1 = 81.9900 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
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