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

Redington

23/12/2022 07:16

MUMBAI, Dec 23 (Reuters) - Redington (India)  REDI.NS 
plans to raise funds by selling commercial papers maturing in
one month, three merchant bankers said on Friday. 
    The company will offer a yield of 7.12% on the issue and has
received commitments worth about 500 million rupees ($6.04
million) so far, the bankers said.
    The notes are rated A1+ by ICRA.
($1 = 82.8400 Indian rupees)
 (Reporting by Dharamraj Dhutia; editing by Uttaresh.V)
 ((Dharamraj.dhutia@tr.com))