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L&T Finance to issue near 7-month CP - traders

India's L&T Finance (LARTF.UL) plans to raise funds by issuing commercial papers maturing in nearly seven months, three merchant bankers said on Wednesday.

The company will offer yield of 7.70% on this issue and has received commitments worth around 3 billion Indian rupees ($36.79 million) so far, they said.

The notes are rated A+ by ICRA and will mature on June 20.

($1 = 81.5470 Indian rupees)

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