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

Redington

25/10/2022 08:52

MUMBAI, Oct 25 (Reuters) - Redington (India)  REDI.NS 
plans to raise funds selling commercial papers maturing in one
month, three merchant bankers said on Tuesday.
    The supply-chain solutions company will offer a yield of
6.92% on this issue and has received commitments worth about 2
billion Indian rupees ($24.2 million), the bankers said.
    The notes are rated A1+ by ICRA.
 
 ($1 = 82.7625 Indian rupees)
 (Reporting by Dharamraj Lalit Dhutia; Editing by Savio D'Souza)
 ((Dharamrajlalit.dhutia@tr.com))