Reliance Jio Infocomm to issue 2-month CP: Traders

MUMBAI: India's Reliance Jio Infocomm plans to raise funds from the sale of commercial papers maturing in two months, three merchant bankers said on Wednesday.

The company will offer a yield of 6.79% on this issue and it has received commitments worth around 50 billion rupees ($614.42 million) so far, the bankers said.

The notes are rated A1+ by CARE Ratings.


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