($1 = 82.8890 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Feb 22 (Reuters) - India's Kotak Mahindra
Investments has accepted bids worth an aggregate of 3.65 billion
rupees (about $44 million) for bonds maturing in three years as
well as in three years and four months, three merchant bankers
said on Wednesday.
The company has accepted bids worth 2.76 billion rupees for
three-year notes at a 8.1577% coupon, and worth 885 million
rupees for June 2026 bonds at a coupon of 8.1379%, they said.
It had invited bids from bankers and investors for both the
notes on Wednesday and the issues will close for subscription on
Thursday.
Both the bond issuances are rated AAA by CRISIL.
In January, the company raised an aggregate of 1.48 billion
rupees selling bonds maturing in April 2026 and May 2026.
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