MUMBAI, April 28 (Reuters) - India's Canara Bank plans to raise funds through the sale of certificates
of deposit maturing in three months, three merchant bankers said
on Friday.
The state-run lender will offer a yield of 7.10% on the
issue, for which it has received commitments worth 5 billion
rupees ($61.17 million) so far, the bankers said.
The notes are rated A1+ by Crisil and have a value date of
May 4.
($1 = 81.7450 Indian rupees)
(Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)
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