MUMBAI, March 17 (Reuters) - India's Kotak
Infrastructure Debt Fund plans to raise at least 2.05 billion
Indian rupees ($24.84 million) selling bonds maturing in five
years and two months, two merchant bankers said on Friday.
The debt fund will pay an annual coupon of 8.30% on the
issue, and has invited commitment bids from bankers and
investors on Monday, they said.
The notes are rated AAA by ICRA and the issue will be
settled on Tuesday.
The issue has a greenshoe option to retain an additional
1.45 billion rupees and will mature in May 2028.
In December, the fund had raised 1.20 billion rupees selling
bonds maturing in five years, one month and 19 days at an annual
coupon of 7.97%.
($1 = 82.5300 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Janane Venkatraman)
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