Chambal Fertilisers to issue 3-mnth CP - bankers

Chambal Fertilisers and Chemicals

02/08/2022 09:47

MUMBAI, Aug 2 (Reuters) - India’s Chambal Fertilisers and
Chemicals Ltd  CHMB.NS  plans to raise funds selling commercial
paper maturing in three months, three merchant bankers said on
Tuesday.
    The company will offer a yield of 5.85% on this issue and
has received commitments worth around four billion rupees
($50.89 million) so far, the bankers said.
    The notes are rated A1+ by CRISIL and have a value date of
Aug. 8
($1 = 78.5975 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia
Editing by Vidya Ranganathan)
 ((Dharamrajlalit.dhutia@tr.com))