India New Issue-Redington (India) to issue 1-month CP -traders

Redington

19/08/2022 07:30

MUMBAI, Aug 19 (Reuters) - Redington (India) Ltd  REDI.NS 
plans to raise funds selling commercial papers maturing in one
month, three merchant bankers said on Friday.
    The supply-chain solutions company will offer a yield of
5.79% on this issue and has received commitments worth around
1.50 billion rupees ($18.81 million), the bankers said.
    The notes are rated A1+ by ICRA.
    
($1 = 79.7500 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia
Editing by Neha Arora)
 ((Dharamrajlalit.dhutia@tr.com))