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

Can Fin Homes

29/03/2023 11:59

MUMBAI, March 29 (Reuters) - India's Can Fin Homes
 CNFH.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said today. 
    The housing finance company will offer a yield of 7.20% on
the issue and has received commitments worth around 5 billion
Indian rupees ($60.76 million), the bankers said.
    The notes are rated A1+ by CARE Ratings and have a value
date of April. 

($1 = 82.2850 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Vinay Dwivedi)
 ((Dharamraj.dhutia@tr.com))