MUMBAI (Reuters) – India’s Aditya Birla Housing Finance plans to raise funds selling commercial papers maturing in three months, three merchant bankers said on Thursday.
The non-banking finance company will pay a coupon of 5.86% on this issue and it has received commitments worth around two billion rupees ($25.21 million), the bankers said.
The notes are rated A1+ by ICRA.
($1 = 79.3310 Indian rupees)
(Reporting by Dharamraj Lalit Dhutia; Editing by Vidya Ranganathan)
