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

Can Fin Homes

23/01/2023 07:39

MUMBAI, Jan 23 (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 7.46% on
the issue and has received commitments worth around 3 billion
rupees ($36.89 million), the bankers said.
    The notes are rated A1+ by CARE Ratings and will mature on
April 28.
($1 = 81.3160 Indian rupees)
 (Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)
 ((Dharamraj.dhutia@tr.com))