01-01-1970 12:00 AM | Source: Reuters
KEC International to issue 3-month CP - traders
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India's KEC International plans to raise funds selling commercial papers maturing in five months, three merchant bankers said on Friday.
The company will offer a yield of 7.30% on this issue, and has received commitments worth around 500 million rupees ($6.27 million), they added.
The notes, rated A1+ by ICRA, will mature at the end of January.
($1 = 79.7600 Indian rupees)
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