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

Can Fin Homes

20/04/2023 03:52

MUMBAI, April 20 (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
Thursday.
    The housing finance company will offer a yield of 7.25% on
the issue and has received commitments worth around 5 billion
Indian rupees ($60.80 million), the bankers said.
    The notes are rated A1+ by CARE Ratings and the terms of the
deal were set on Wednesday.

($1 = 82.2380 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
 ((Dharamraj.dhutia@tr.com))