India New Issue-Can Fin Homes to issue 3-month CP - traders

Can Fin Homes

31/10/2022 05:54

MUMBAI, Oct 31 (Reuters) - India's Can Fin Homes
 CNFH.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on Monday.
    The housing finance company will offer a yield of 7.30% on
this issue and has received commitments worth around 5 billion
Indian rupees ($60.7 million), the bankers said.
    The notes are rated A1+ by CARE Ratings.
 
 ($1 = 82.4300 Indian rupees)
 (Reporting by Dharamraj Lalit Dhutia; Editing by Savio D'Souza)
 ((Dharamrajlalit.dhutia@tr.com))