India New Issue-TV18 Broadcast to issue 3-month CP - traders

TV18 Broadcast

08/12/2022 09:49

MUMBAI, Dec 8 (Reuters) - India's TV18 Broadcast
 TVEB.NS  plans to raise funds selling commercial papers
maturing in three months, three merchant bankers said on
Thursday.
    The company will offer a yield of 7.05% on this issue and
has received commitments worth around 1 billion Indian rupees 
($12.13 million) so far, the bankers said.
    The papers are rated A1+ by ICRA.
($1 = 82.4100 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))