India New Issue-Motilal Oswal Financial to issue 1-year CP - traders

Motilal Oswal Financial Services

14/03/2023 14:17

MUMBAI, March 14 (Reuters) - India's Motilal Oswal Financial
Services  MOFS.NS  plans to raise funds by selling commercial
papers maturing in one year, three merchant bankers said on
Tuesday. 
    The company will offer a yield of 8.90% on the issue and has
received commitments worth around 2 billion Indian rupees 
($24.30 million), according to the bankers.
    The notes are rated A1+ by CRISIL. 

($1 = 82.3080 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
 ((Dharamraj.dhutia@tr.com))