MUMBAI, March 27 (Reuters) - India's Kotak
Infrastructure Debt Fund plans to raise at least 250 million
rupees (about $3 million) through bonds maturing in July 2028,
two merchant bankers said on Monday.
The debt fund has invited bids for from bankers and
investors for the bond issue on Wednesday, they said.
The issue also has a greenshoe option to retain an
additional subscription of 750 million rupees.
The bonds are rated AAA by CRISIL and the issue will be
settled latter this week.
Last week, the debt fund raised 2.05 billion rupees through
bonds maturing in five years and two months at an annual coupon
of 8.30%.
($1 = 82.2920 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Savio D'Souza)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
