MUMBAI, Feb 13 (Reuters) - India's Kotak Mahindra Prime
plans to raise at least 3 billion rupees ($36.32 million)
through a sale of bonds maturing in two years and nine months,
three merchant bankers said on Monday.
The company will pay an annual coupon of 7.92% on this issue
and has invited bids from bankers and investors on Tuesday, they
said.
The bonds are rated AAA by CRISIL and the issue will close
for subscription later this week.
The issue has a greenshoe option to retain an additional
3.50 billion rupees and will mature in November 2025.
In January, the company raised one billion rupees, through
reissuing zero-coupon bonds maturing in October 2025.
($1 = 82.6050 Indian rupees)
(Reporting by Dharamraj Dhutia; editing by Uttaresh.V)
