MUMBAI, May 16 (Reuters) - India's ICICI Securities plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on
Tuesday.
The company will offer a yield of 7.35% on the issue and has
received commitments worth around 7.50 billion rupees ($91.7
million) so far, the bankers said.
The notes are rated A1+ by Crisil.
($1 = 81.7800 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
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