MUMBAI, April 28 (Reuters) - India's NTPC plans to raise funds by selling commercial papers maturing in
three months, three merchant bankers said on Friday.
The state-run power company will offer a yield of 7.13% on
the issue and has received commitments worth around 20 billion
rupees ($244.5 million) so far, they said.
The notes are rated A1+ by CRISIL.
($1 = 81.8030 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
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