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)