MUMBAI, April 17 (Reuters) - India's Kotak Mahindra
Prime has accepted bids worth 3.25 billion rupees ($39.68
million) on an aggregate basis for the reissue of 7.8815%
February 2026 bonds and 8.25% June 2025 bonds, three merchant
bankers said on Monday.
The company has accepted bids worth 1.50 billion rupees for
February 2026 bonds at a yield of 7.8918%, while it accepted
bids of 1.75 billion rupees for June 2025 bonds at a yield of
7.8884%.
It had invited bids from bankers and investors on Thursday,
and the issues will be settled later in the day.
The bonds are rated AAA by Crisil.
In March, Kotak Mahindra Prime raised 6.10 billion rupees on
an aggregate basis 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 = 81.9020 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
