India New Issue-Redington to issue 3-month CP - bankers

Redington

05/06/2023 11:28

MUMBAI, June 5 (Reuters) - India's Redington  REDI.NS  plans to raise
funds through a sale of commercial papers maturing in three months, at a yield
of 7.15%, three merchant bankers said.

 Below is the list of deals reported so far on June 5
 Issuer Name             Instrument  Tenure (in    Yield     Amount (in bln
                         type        months)       (in %)    rupees)
 Redington               CP          3             7.15      5
 Bajaj Finance           CP          2             7.00      10
 Birla Group Holdings    CP          3             7.36      1
 JM Financial Services   CP          3             7.89      1
 
($1 = 82.6700 Indian rupees)

 (Reporting by Dharamraj Dhutia)
 ((Dharamraj.dhutia@tr.com))