MUMBAI, Feb 15 (Reuters) - India's Kotak Mahindra Prime
has accepted bids worth an aggregate of 1.75 billion rupees
($21.11 million) for reissuance of 7.8779% May 2025 bonds and
zero-coupon bonds maturing in October 2025, three merchant
bankers said on Wednesday.
The non-banking finance company has accepted bids worth 1.50
billion rupees for the May 2025 paper and 250 million rupees for
the October 2025 notes, they said.
The NBFC had invited bids from bankers and investors on
Tuesday and will offer a yield of 7.95% on both options.
The bonds are rated AAA by CRISIL, and the issue will close
for subscription later in the day.
In January, the company raised one billion rupees, through
reissuing zero-coupon bonds maturing in October 2025.
($1 = 82.9010 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K
Editing by)
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