MUMBAI, May 16 (Reuters) - India's Tata Capital Housing
Finance plans to raise funds by selling commercial papers
maturing in one year, three merchant bankers said on Tuesday.
The company will offer a yield of 7.75% on the issue for
which it has received commitments worth around 2 billion Indian
rupees ($24.46 million) the bankers added.
The notes are rated A1+ by ICRA and the terms of the deal
were set on Monday.
($1 = 81.7800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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