($1 = 81.7910 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, April 13 (Reuters) - India's Kotak Mahindra
Prime has accepted bids worth 1.75 billion rupees ($21.40
million) for bonds maturing in three years and one month, three
merchant bankers said on Thursday.
The company will pay an annual coupon of 7.97% on this issue
and had invited bids from investors and bankers earlier in the
day, they said.
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.
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