India New Issue-Motilal Oswal Financial to issue 3-month CP - traders

Motilal Oswal Financial Services

17/02/2023 03:25

MUMBAI, Feb 17 (Reuters) - India's Motilal Oswal
Financial Services  MOFS.NS  plans to raise funds by selling
commercial papers maturing in three months, three merchant
bankers said on Friday.
    The company will offer a yield of 8.53% on the issue and has
received commitments worth around 1.25 billion Indian rupees 
($15.09 million) so far, according to the bankers.
    The notes are rated A1+ by CRISIL and the terms of the deal
were set on Thursday.
($1 = 82.8300 Indian rupees)
 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))