The issue will mature in November 2025. In January, the company raised one billion rupees, through reissuing zero-coupon bonds maturing in October 2025. ($1 = 82.8740 Indian rupees) (Reporting by Dharamraj Dhutia )
MUMBAI, Feb 14 (Reuters) - India's Kotak Mahindra Prime
has accepted bids worth 3 billion Indian rupees ($36 million)
for bonds maturing in two years and nine months, three merchant
bankers said on Tuesday.
The company will pay an annual coupon of 7.92% on this issue
and had invited bids from bankers and investors earlier in the
day, they said.
The bonds are rated AAA by CRISIL and the issue will close
for subscription on Wednesday.
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