India New Issue-GIC Housing Finance to issue 2-month CP - traders

GIC Housing Finance

05/12/2022 13:05

MUMBAI, Dec 5 (Reuters) - India's GIC Housing Finance
 GICH.NS  plans to raise funds selling commercial papers
maturing in two months, three merchant bankers said on Monday. 
    The housing finance company will offer a yield of 7.40% on
this issue, and has received commitments worth around 1 billion
rupees ($12.23 million) so far, the bankers said.
    The notes are rated A1+ by ICRA and will mature on Feb. 10.
    ($1 = 81.7400 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Sherry
Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))