MUMBAI, April 13 (Reuters) - India's IndusInd Bank plans to raise funds through the sale of certificates
of deposit maturing in three months, three merchant bankers said
on Thursday.
The private lender will offer a yield of 7.10% on the issue
and has received commitments worth around 12.50 billion rupees
($152.55 million) so far, the bankers said.
The notes are rated A1+ by Crisil and the terms of the deal
were set on Wednesday.
($1 = 81.9430 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
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