Advertisement
Singapore markets closed

  • Straits Times Index

    3,290.70
    +24.75 (+0.76%)
     

  • Nikkei

    38,229.11
    +155.13 (+0.41%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • Bitcoin USD

    60,939.38
    -1,971.93 (-3.13%)
     

  • CMC Crypto 200

    1,261.07
    -96.94 (-7.14%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • Dow

    39,512.84
    +125.08 (+0.32%)
     

  • Nasdaq

    16,340.87
    -5.40 (-0.03%)
     

  • Gold

    2,366.90
    +26.60 (+1.14%)
     

  • Crude Oil

    78.20
    -1.06 (-1.34%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • FTSE Bursa Malaysia

    1,600.67
    -0.55 (-0.03%)
     

  • Jakarta Composite Index

    7,088.79
    -34.81 (-0.49%)
     

  • PSE Index

    6,511.93
    -30.53 (-0.47%)
     

India's Kotak Mahindra Prime accepts bids on bond re-issue - traders

Reuters

MUMBAI (Reuters) - India's Kotak Mahindra Prime has accepted bids worth 2.50 billion rupees ($31.58 million) on its reissuance of 6.55% April 2025 bonds, three merchant bankers said on Friday.

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

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

($1 = 79.1560 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia; Editing by Vidya Ranganathan)