India New Issue-Network18 Media to issue 3-month CP - traders

Network18 Media & Investments

03/03/2023 02:32

MUMBAI, March 3 (Reuters) - India's Network18  Media &
Investments  NEFI.NS  plans to raise funds selling commercial
papers maturing in three months, three merchant bankers said on
Friday.
    The company will offer a yield of 7.80% on this issue for
which it has received commitments worth around 3 billion Indian
rupees ($36.42 million), the bankers said.
    The notes are rated A1+ by ICRA and the terms of the deal
were set on Thursday. 

($1 = 82.3650 Indian rupees)

 (Reporting by Dharamraj Dhutia;Editing by Nivedita
Bhattacharjee)
 ((Dharamraj.dhutia@tr.com))