India New Issue-Motilal Oswal Financial to issue 6-month CP - traders

Motilal Oswal Financial Services

29/12/2022 09:06

MUMBAI, Dec 29 (Reuters) - India's Motilal Oswal
Financial Services  MOFS.NS  to raise funds by selling
commercial papers maturing in six months, three merchant bankers
said on Thursday.
    The company will offer a yield of 8.70% on the issue and has
received commitments worth around 1 billion rupees ($12.08
million) so far, according to the bankers.
    The notes are rated A1+ by CRISIL and will mature in June. 
($1 = 82.7900 Indian rupees)
 (Reporting by Dharamraj Dhutia
Editing by Sohini Goswami)
 ((Dharamraj.dhutia@tr.com))