India's Aditya Birla Housing Finance to issue 3-month CP - traders

MUMBAI (Reuters) - India's Aditya Birla Housing Finance plans to raise funds selling commercial papers maturing in three months, three merchant bankers said on Thursday.

The non-banking finance company will pay a coupon of 5.86% on this issue and it has received commitments worth around two billion rupees ($25.21 million), the bankers said.

The notes are rated A1+ by ICRA.

($1 = 79.3310 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia; Editing by Vidya Ranganathan)

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