India New Issue-Chambal Fertilisers to issue near 3-month CP - traders

Chambal Fertilisers and Chemicals

07/09/2022 08:54

MUMBAI, Sept 7 (Reuters) - India's Chambal Fertilisers and
Chemicals Ltd  CHMB.NS  plans to raise funds selling commercial
paper maturing in nearly three months, three merchant bankers
said on Wednesday.
    The company will offer a yield of 6.03% on this issue and
has received commitments worth around 8 billion rupees ($100.20
million) so far, the bankers said.
    The notes are rated A1+ by CRISIL. 
    
($1 = 79.8380 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia; Editing by Rashmi Aich)
 ((Dharamrajlalit.dhutia@tr.com))