MUMBAI, Aug 12 (Reuters) - India's Tata Power Renewable
Energy plans to raise funds selling commercial papers maturing
in one month, three merchant bankers said on Friday.
The company, a subsidiary of Tata Power Company Ltd
, will offer a yield of 5.84% on this issue, and has
received commitments worth around five billion rupees ($62.79
million), the bankers said.
The notes are rated A1+ by CRISIL and will mature on Sep.
($1 = 79.6340 Indian rupees)
(Reporting by Dharamraj Lalit Dhutia
Editing by Vidya Ranganathan)