MUMBAI, March 14 (Reuters) - India's Kotak Mahindra Bank Ltd plans to raise at least 2 billion rupees ($24.3
million) selling infrastructure bonds maturing in seven years,
three merchant bankers said on Tuesday.
The bank has invited coupon and commitment bids from bankers
and investors on Thursday, they said.
The bonds are rated AAA by CRISIL and the issue will be
settled on Monday.
The issue has a greenshoe option to retain an additional 1
billion rupees.
In November, the lender raised 15 billion rupees selling
infrastructure bonds maturing in seven years at a coupon of
7.63%.
($1 = 82.3520 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Savio D'Souza)
