MUMBAI: India's Rural Electrification Corp has finalised a yield of 9.25 percent to raise up to 10 billion rupees ($179.87 million) via 175-day commercial papers, a source with direct knowledge of the deal said.
The company is raising funds through this route after a gap of more than a year, said the source.
SBI is one of the arrangers of the deal and more are expected to join, the source said.
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