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    India New Issue-Kotak Mahindra Bank to issue 7-year infra bonds - traders

    Synopsis

    The company has invited coupon and commitment bids from investors on Nov. 30 and the bidding will take place on the National Stock Exchange's electronic platform, the bankers said.

    India New Issue-Kotak Mahindra Bank to issue 7-year infra bonds - tradersAgencies
    India's Kotak Mahindra Bank plans to raise 15 billion rupees ($183.46 million) through infrastructure bonds maturing in seven years, three merchant bankers said on Wednesday.

    The company has invited coupon and commitment bids from investors on Nov. 30 and the bidding will take place on the National Stock Exchange's electronic platform, the bankers said.

    The bonds are rated AAA by CRISIL. ($1 = 81.7630 Indian rupees)



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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