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

Redington

07/10/2022 09:22

MUMBAI, Oct 7 (Reuters) - Redington (India)  REDI.NS 
plans to raise funds selling commercial papers maturing in more
than a month, three merchant bankers said on Friday.
    The supply-chain solutions company will offer a yield of
6.21% on this issue and has received commitments worth about 3
billion rupees ($36.42 million), the bankers said.
    The notes are rated A1+ by ICRA and will mature on Nov. 24.
($1 = 82.3700 Indian rupees)
 (Reporting by Dharamraj Lalit Dhutia; Editing by Subhranshu
Sahu)
 ((Dharamrajlalit.dhutia@tr.com))