MUMBAI, April 19 (Reuters) - India's Canara Bank Ltd plans to raise funds through the sale of certificates
of deposit maturing in three months, three merchant bankers said
on Wednesday.
The state-run lender will offer a yield of 7.05% on the
issue, for which it has received commitments worth 30 billion
rupees ($365.3 million) so far, the bankers said.
The notes are rated A1+ by Crisil.
($1 = 82.1200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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