MUMBAI, May 4 (Reuters) - India's L&T Metro Rail
(Hyderabad) plans to raise funds by selling commercial papers
maturing in nearly two months, three merchant bankers said on
Thursday.
The company will offer a yield of 7.27% on the issue and has
received commitments worth around 4 billion rupees ($48.9
million) so far, they said.
The notes are rated A1+ by Crisil and India Ratings and will
mature on June 22.
($1 = 81.8050 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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