S&P Assigns 'BBB' Rating to Kotak Mahindra Bank's $650 Million Senior Bonds

MT Newswires Live

08/21

Kotak Mahindra Bank (NSE:KOTAKBANK, BOM:500247) said S&P Global Ratings has assigned a BBB rating to its $650 million senior notes under the bank's $1 billion Euro Medium Term Note Programme.

The notes carry a 5.478% coupon, according to a Thursday filing to the Indian exchanges.

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