India New Issue-National Fertilizers to issue 1-month CP - traders

National Fertilizers

07/09/2022 09:52

MUMBAI, Sept 7 (Reuters) - India's National Fertilizers Ltd
 NAFT.NS  plans to raise funds selling commercial papers
maturing in one month, two merchant bankers said on Wednesday. 
    The company will offer a yield of 5.90% on this issue and
has received commitments worth around 1.75 billion rupees 
($21.91 million), the bankers added.
    The notes are rated A1+ by ICRA and will mature Oct. 14.
($1 = 79.8800 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia; Editing by Dhanya Ann
Thoppil)
 ((Dharamrajlalit.dhutia@tr.com))