MUMBAI, May 8 (Reuters) - India's Reliance Industries plans to raise funds by selling commercial papers
maturing at the end of July, two merchant bankers said on
Monday.
The company will offer a yield of 7.15% on the issue and has
received commitments worth around 20 billion rupees ($244.56
million) so far, according to the bankers.
The notes are rated A1+ by CARE Ratings and will mature on
July 28.
($1 = 81.7800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.