Reliance Jio Infocomm to issue 2-month CP - traders

India's Reliance Jio Infocomm plans to raise funds from the sale of commercial papers maturing in two months, three merchant bankers said on Wednesday.

The company will offer a yield of 6.79% on this issue and it has received commitments worth around 50 billion rupees ($614.42 million) so far, the bankers said.

The notes are rated A1+ by CARE Ratings.

($1 = 81.3775 Indian rupees)