Three merchant bankers revealed to ET on Monday that India’s GIC Housing Finance intends to raise money by offering commercial notes with a two-month maturity.
According to the bankers, the housing finance company would give a yield of 7.40% on this offering and has already received commitments totalling about Rs1 billion ($12.23 million).
The notes will mature on February 10 and have an ICRA rating of A1+.
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