In April, the company raised 3.25 billion rupees on an aggregate basis via the reissue of 7.8815% February 2026 bonds and 8.25% June 2025 bonds. ($1 = 81.7920 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Eileen Soreng)
MUMBAI, May 3 (Reuters) - India's Kotak Mahindra Prime
has accepted bids worth 3 billion rupees ($36.68 million) for
reissue of 7.8376% July 2025 bonds, three merchant bankers said
on Wednesday.
The company will offer a yield of 7.80% on this issue and
had invited bids from bankers and investors earlier in the day,
they said.
The bonds are rated AAA by Crisil and the issue will be
settled on Thursday.
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