MUMBAI, May 8 (Reuters) - India's L&T Metro Rail
(Hyderabad) plans to raise funds by selling commercial papers
maturing in two months, three merchant bankers said on Monday.
The company will offer a yield of 7.90% on the issue, and
has received commitments worth around 2.75 billion rupees
($33.64 million) so far, they said.
The notes are rated A1+ by Crisil and India Ratings, and
will mature on July 10.
($1 = 81.7525 Indian rupees)
(Reporting by Dharamraj Dhutia)
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