In November, the lender raised 15 billion rupees selling
infrastructure bonds maturing in seven years at a coupon of
7.63%.
($1 = 82.5870 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 17 (Reuters) - India's Kotak Mahindra Bank has accepted bids worth 3 billion rupees ($36.33
million) for infrastructure bonds maturing in seven years, three
merchant bankers said on Friday.
The bank will pay an annual coupon of 7.85% for this issue,
and had invited coupon and commitment bids from bankers and
investors on Thursday, they added.
The bonds are rated AAA by CRISIL and the issue will be
settled on Monday.
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