India New Issue-Network18 Media to issue Feb CP - traders

Network18 Media & Investments

08/12/2022 10:32

MUMBAI, Dec 8 (Reuters) - India's Network18 Media &
Investments  NEFI.NS  plans to raise funds selling commercial
papers maturing at the end of February, three merchant bankers
said on Thursday.
    The company will offer a yield of 7.02% on this issue, and
has received commitments worth around 2 billion rupees ($24.27
million) so far, the bankers  said.
    The notes are rated A1+ by ICRA and will mature on Feb. 27.
    ($1 = 82.4020 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Sherry
Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))