MUMBAI, April 21 (Reuters) - India's L&T Finance plans
to raise funds by issuing commercial papers maturing in one
year, three merchant bankers said on Friday.
The company will offer a yield of 7.78% on this issue, and
has received commitments worth 1.50 billion rupees ($18.26
million) so far, they said.
The notes are rated A+ by ICRA.
($1 = 82.1450 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
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