New Issue-India's Escorts issues 90-day CP at 7.3 pct

Newswire

BOMBAY, July 17 (Reuters) - Indian tractor maker Escorts Ltd struck a deal for 100 million rupees through an issue of 83-day commercial paper (CP) to a state-run bank at 7.30 percent on Thursday, money market dealers said.

The period begins on July 29.

The issue has been rated 'A1' by ICRA Ltd, denoting highest safety.

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