India New Issue-Chambal Fertilisers to issue 2-month CP - traders

Chambal Fertilisers and Chemicals

11/10/2022 07:37

MUMBAI, Oct 11 (Reuters) - India's Chambal Fertilisers
and Chemicals  CHMB.NS   plans to raise funds selling commercial
paper maturing in two months, three merchant bankers said on
Tuesday.
    The company will offer a yield of 6.70% on this issue and
has received commitments worth around 3 billion Indian rupees 
($36.43 million) so far, the bankers said.
    The notes are rated A1+ by CRISIL and will mature on Dec.
15. 
($1 = 82.3420 Indian rupees)
 (Reporting by Dharamraj Lalit Dhutia; Editing by Dhanya Ann
Thoppil)
 ((Dharamrajlalit.dhutia@tr.com))