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

GIC Housing Finance

10/11/2022 11:13

MUMBAI, Nov 10 (Reuters) - India's GIC Housing Finance
 GICH.NS  plans to raise funds selling commercial papers
maturing in over two months, three merchant bankers said on
Thursday.
    The housing finance company will offer a yield of 7.48% on
this issue, and has received commitments worth around 1.50
billion Indian rupees ($18.36 million), the bankers said.
    The notes are rated A1+ by ICRA and will mature on Jan. 20. 
($1 = 81.7080 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))