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

National Fertilizers

08/09/2022 08:43

MUMBAI, Sept 8 (Reuters) - India's National Fertilizers Ltd
 NAFT.NS  plans to raise funds by selling commercial papers
maturing in over one month, two merchant bankers said on
Thursday.
    The company will offer a yield of 5.90% on this issue and
has received commitments worth around 2 billion rupees  ($25.08
million) so far, the bankers added.
    The notes are rated A1+ by ICRA and will mature Oct. 21.
    
($1 = 79.7400 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia; editing by Uttaresh.V)
 ((Dharamrajlalit.dhutia@tr.com))