India’s Kotak Mahindra Prime to re-issue April 2025 bonds – traders

India’s Kotak Mahindra Prime to re-issue April 2025 bonds – traders

Summary : A man walks past the Kotak Mahindra Bank branch in New Delhi, India, September 6, 2017. India’s Kotak Mahindra Prime plans to raise 2.50 billion rupees ($31.50 million) through reissuance of 6.55% April 2025 bonds, three merchant bankers said on Thursday.

The company will offer a yield of 7.33% to investors and has invited bids from bankers and investors on Friday, they said.

The bonds are rated AAA by CRISIL, and the issue will close for subscription on Monday.

A man walks past the Kotak Mahindra Bank branch in New Delhi, India, September 6, 2017. REUTERS/Adnan Abidi

MUMBAI, Aug 4 (Reuters) – India’s Kotak Mahindra Prime plans to raise 2.50 billion rupees ($31.50 million) through reissuance of 6.55% April 2025 bonds, three merchant bankers said on Thursday.The company will offer a yield of 7.33% to investors and has invited bids from bankers and investors on Friday, they said.

The bonds are rated AAA by CRISIL, and the issue will close for subscription on Monday.