India New Issue-Can Fin Homes to issue 7-month CP - traders

Can Fin Homes

28/11/2022 07:58

MUMBAI, Nov 28 (Reuters) - India's Can Fin Homes
 CNFH.NS  plans to raise funds by selling commercial papers
maturing in seven months, three merchant bankers said on Monday.
    The housing finance company will offer a yield of 7.80% on
this issue and has received commitments worth around 5 billion
rupees ($61.2 million), the bankers said.
    The notes are rated A1+ by CARE Ratings.
 
 ($1 = 81.7250 Indian rupees)
 (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
 ((Bhakti.Tambe@thomsonreuters.com;))