MUMBAI, April 21 (Reuters) - India's Reliance Jio
Infocomm plans to raise funds from the sale of commercial papers
maturing in nearly three months, three merchant bankers said on
Friday.
The company will offer a yield of 7.10% on the issue and has
received commitments worth around 20 billion Indian rupees
($243.74 million) so far, the bankers said.
The notes are rated "A1+" by CARE Ratings and will mature on
July 3.
($1 = 82.0540 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta)
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