MUMBAI, April 18 (Reuters) - India's Reliance Industries plans to raise funds by selling commercial papers
maturing in nearly two months, two merchant bankers said on
Tuesday.
The company will offer a yield of 6.90% on the issue and has
received commitments worth around 7.50 billion rupees ($91.41
million) so far, according to the bankers.
The notes are rated A1+ by CARE Ratings and will mature on
June 12.
($1 = 82.0470 Indian rupees)
(Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)
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.