MUMBAI, April 12 (Reuters) - India's Housing Development Finance Corp plans to
raise funds through the sale of commercial papers maturing in one year, three merchant bankers
said on Wednesday.
The non-banking financial company will offer a yield of 7.80% on the issue and has received
commitments worth 25 billion rupees ($304.62 million) so far, they said.
The notes are rated A1+ by Crisil.
($1 = 82.0700 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
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