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

Can Fin Homes

22/05/2023 11:47

MUMBAI, May 22 (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 7.04% on
the issue and has received commitments worth around 5 billion
Indian rupees ($61.14 million), the bankers said.
    The notes are rated A1+ by CARE Ratings. 

($1 = 81.7800 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))