MUMBAI, April 11 (Reuters) - India's Kotak Mahindra
Prime plans to raise an aggregate of 5 billion rupees ($60.93
million) through three bond issuances, three merchant bankers
said on Tuesday.
The company has invited bids from investors and bankers for
the bond issue on Thursday, they said.
The company plans to raise 1.5 billion rupees through
reissue of 7.8815% February 2026 bonds. It also plans to raise
1.75 billion rupees each through May 2026 bonds and via reissue
of 8.25% June 2025 bonds.
The bonds are rated AAA by Crisil and the issue will be
settled next week.
In March, Kotak Mahindra Prime raised an aggregate of 6.10
billion rupees via bonds maturing in two years and three months,
three years and three months, and the reissue of zero-coupon
bonds maturing in October 2025.
($1 = 82.0620 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia;
Editing by Shinjini Ganguli)
