Earlier this month, the company raised an aggregate of 1.75 billion rupees via reissuance of 7.8779% May 2025 bonds and zero-coupon bonds maturing in October 2025. ($1 = 82.7280 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, Feb 27 (Reuters) - India's Kotak Mahindra Prime has
accepted bids worth an aggregate of 2.10 billion rupees ($25.38
million) for bonds maturing in five years and via reissue of
zero-coupon bonds maturing in October 2025, three merchant
bankers said on Monday.
The non-banking finance company has accepted bids worth 250
million rupees for bond reissue and will offer a yield of 8.05%.
It has accepted bids worth 1.85 billion rupees for five-year
bonds at an annual coupon of 8.05%, and the issues will close
for subscription on Tuesday, they said.
The company invited bids from bankers and investors on
Monday and they are rated AAA by CRISIL.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.