MUMBAI, April 19 (Reuters) - India's Larsen & Toubro Ltd plans to raise funds through the sale of commercial
papers maturing in over one month, three merchant bankers said
on Wednesday.
The company will offer a yield of 6.88% on the issue and has
received commitments worth around 15 billion rupees ($182.5
million) so far, the bankers said.
The notes are rated A1+ by Crisil.
($1 = 82.2040 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sonia Cheema)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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