The bonds are rated AAA by CRISIL and the issue will be settled later 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 = 82.2970 Indian rupees) (Reporting by Bhakti Tambe; Editing by Rashmi Aich)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 29 (Reuters) - India's Kotak
Infrastructure Debt Fund has accepted bids worth 500 million
rupees ($6.08 million) on bonds maturing in July 2028, two
merchant bankers said on Wednesday.
The debt fund will pay a coupon of 8.29% on this bond issue,
for which it had invited bids from bankers and investors earlier
in the day.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.