MUMBAI (Reuters) – India’s Chambal Fertilisers and Chemicals Ltd plans to raise funds selling commercial paper maturing in three months, three merchant bankers said on Tuesday.
The company will offer a yield of 5.85% on this issue and has received commitments worth around four billion rupees ($50.89 million) so far, the bankers said.
The notes are rated A1+ by CRISIL and have a value date of Aug.
8
($1 = 78.5975 Indian rupees)
(Reporting by Dharamraj Lalit Dhutia; Editing by Vidya Ranganathan)
