01-01-1970 12:00 AM | Source: Reuters
Tata Power to issue 2-month CP
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India's Tata Power Co plans to raise funds selling commercial papers maturing in two months, three merchant bankers said on Monday.
The company will offer a yield of 5.90% on this issue, and has received commitments worth around five billion rupees ($62.61 million), the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 79.8625 Indian rupees)
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