RCom raises $253 million via short term debt (India)

www.WirelessFederation.com/news: Reliance Communication, the India’s second largest mobile operator, has reportedly raised 12.25 billion rupees ($253 million) via short-term debt, industry sources unveil. The company sold one-month commercial paper at a yield of 3.40 percent. The paper matures on Sept. 29, 2009.