India New Issue-Godrej Agrovet to issue multiple tenor CPs -traders

Godrej Agrovet

12/09/2022 12:05

MUMBAI, Sept 12 (Reuters) - India's Godrej Agrovet  GODE.NS 
plans to raise funds from sale of commercial papers maturing in
two months as well as in three months, three merchant bankers
said on Monday.
    The agri-business company will offer a yield of 6.10% on
two-month papers and 6.20% on three-month notes and it has
received aggregate commitments of around 2 billion rupees 
($25.16 million), they said.
    The notes of the company are rated A1+ by ICRA.
    
($1 = 79.5070 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia;
Editing by Neha Arora)
 ((Dharamrajlalit.dhutia@tr.com))