MUMBAI, April 12 (Reuters) - India's JM Financial
Services plans to raise funds through the sale of commercial
papers maturing in three months, two merchant bankers said on
Wednesday.
The financial services company will offer a yield of 8.10%
on the issue and has accepted bids worth 1.50 billion Indian
rupees ($18.27 million) so far, the bankers said.
The notes are rated A1+ by ICRA and CRISIL and have a value
date of April 18.
($1 = 82.0800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.