MUMBAI, April 12 (Reuters) - India's Bajaj Financial
Securities plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said today.
The company will offer a yield of 7.28% on the issue for
which it has received commitments worth around 4 billion Indian
rupees ($48.73 million) so far, the bankers said.
The papers are rated A1+ by CRISIL.
($1 = 82.0800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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