MUMBAI, April 19 (Reuters) - India's Tata Capital
Financial Services plans to raise funds through the sale of
commercial papers maturing in three months, three merchant
bankers said on Wednesday.
The non-banking financial company will offer a yield of
7.20% on the issue and has received commitments worth 2.50
billion rupees ($30.42 million) so far, the bankers said.
The notes are rated A1+ by Crisil.
($1 = 82.1800 Indian rupees)
(Reporting by Dharamraj Dhutia)
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.