Advertisement
Singapore markets closed
  • Straits Times Index

    3,304.00
    +2.22 (+0.07%)
     
  • S&P 500

    5,487.03
    +13.80 (+0.25%)
     
  • Dow

    38,834.86
    +56.76 (+0.15%)
     
  • Nasdaq

    17,862.23
    +5.21 (+0.03%)
     
  • Bitcoin USD

    65,083.27
    -212.98 (-0.33%)
     
  • CMC Crypto 200

    1,389.05
    +51.30 (+3.83%)
     
  • FTSE 100

    8,205.06
    +13.77 (+0.17%)
     
  • Gold

    2,344.20
    -2.70 (-0.12%)
     
  • Crude Oil

    81.48
    -0.09 (-0.11%)
     
  • 10-Yr Bond

    4.2170
    -0.0620 (-1.45%)
     
  • Nikkei

    38,570.76
    +88.65 (+0.23%)
     
  • Hang Seng

    18,430.39
    +514.84 (+2.87%)
     
  • FTSE Bursa Malaysia

    1,599.79
    -6.34 (-0.39%)
     
  • Jakarta Composite Index

    6,726.92
    -7.91 (-0.12%)
     
  • PSE Index

    6,366.03
    -2.77 (-0.04%)
     

Kotak Mahindra Investments to issue multiple-tenor bonds - traders

MUMBAI (Reuters) - India's Kotak Mahindra Investments plans to raise at least 750 million rupees ($9.19 million) through two bonds, one maturing in April 2026 and the other in May 2026, three merchant bankers said on Tuesday.

The company has invited bids from merchant bankers and investors for the issuances on Wednesday.

The issue of bonds maturing in April 2026 has a base size of 250 million rupees and a greenshoe to retain an oversubscription of 750 million rupees. The company will offer a coupon of 7.99% on the issue.

The issue of zero-coupon bonds maturing in May 2026 has a base size of 500 million rupees and a greenshoe option of 2.5 billion rupees.

ADVERTISEMENT

Both the bond issuances are rated AAA by CRISIL and the issue will close for subscription later this week.

($1 = 81.6030 Indian rupees)

(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Sohini Goswami)