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India’s ICICI Securities to issue 3-month CP – traders

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MUMBAI — India’s ICICI Securities plans to raise funds by selling commercial papers maturing in three months, three merchant bankers said on Monday.

The company will offer a yield of 6.15% on this issue and it has received commitments worth around 11.75 billion rupees ($147.54 million), the bankers said.

The notes are rated A1+ by CRISIL.

($1 = 79.6370 Indian rupees) (Reporting by Dharamraj Lalit Dhutia; editing by Uttaresh.V)



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