MUMBAI, April 28 (Reuters) - India's Axis Finance plans
to raise funds by selling commercial papers maturing in three
months, three merchant bankers said on Friday.
The company will offer a yield of 7.32% on the issue and has
received commitments worth around 750 million rupees ($9.17
million) so far, the bankers said.
The notes are rated A1+ by India Ratings.
($1 = 81.7880 Indian rupees)
(Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)
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