India New Issue-Can Fin Homes to issue multiple tenor CPs - traders (updated)

Can Fin Homes

22/05/2023 12:26

(Updates with one more issue)
       MUMBAI, May 22 (Reuters) - India's Can Fin Homes
 CNFH.NS  plans to raise funds by selling commercial papers
maturing in two and three months, three merchant bankers said on
Monday.
    The housing finance company will offer a yield of 7.04% on
the two-month papers and 7.05% on three-month notes and has
received commitments worth 5 billion rupees ($61.14 million) for
each of the issues, the bankers said.
    The notes are rated A1+ by CARE Ratings. 

($1 = 81.7800 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman
and Dhanya Ann Thoppil)
 ((Dharamraj.dhutia@tr.com))