MUMBAI (Reuters) – India’s TMF Holdings plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Wednesday.
The non-banking finance company will offer a yield of 6.25% on the issue and has received commitments worth around one billion rupees ($12.59 million), the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 79.4550 Indian rupees)
(Reporting by Dharamraj Lalit Dhutia; Editing by Dhanya Ann Thoppil)
