MUMBAI, April 20 (Reuters) - India's LIC Housing Finance plans to raise funds through the sale of commercial
papers maturing in one year, three merchant bankers said on
Thursday.
The housing finance company will offer a yield of 7.66% on
the issue and has received commitments worth around 3 billion
rupees ($36.52 million) so far, they said.
The papers are rated A1+ by CRISIL.
($1 = 82.1520 Indian rupees)
(Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)
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