MUMBAI, March 13 (Reuters) - India's Kotak Mahindra Prime
accepts bids worth an aggregate of 6.10 billion rupees ($74.14
million) for bonds maturing in two years and three months, three
years and three months, and the reissue of zero-coupon bonds
maturing in October 2025, three merchant bankers said on Monday.
The non-banking financial company has accepted bids worth
250 million rupees for zero-coupon bonds, 3.40 billion rupees
for June 2025 bonds and 2.45 billion rupees for June 2026 bonds,
they said.
It had invited bids from bankers and investors earlier in
the day and the issues will be settled on Tuesday.
The notes are rated AAA by CRISIL.
In February, the company raised an aggregate of 2.10 billion
rupees via bonds maturing in five years and through the reissue
of zero-coupon bonds maturing in October 2025.
($1 = 82.2800 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Sohini Goswami)
