Kotak Mahindra Bank has successfully completed the redemption of its 8.25% Senior Unsecured Redeemable Long Term Bonds on April 28, 2026. The bank paid a total principal amount of Rs. 150 crore along with accrued interest of Rs. 1.0510 crore to its bondholders. With this payout, the outstanding amount for these specific Non-Convertible Debentures (NCDs) has been fully settled, reducing the bank’s long-term debt obligations to nil for this series.
Redemption Details
On April 28, 2026, Kotak Mahindra Bank fulfilled its obligation to bondholders by processing the full redemption of its long-term bonds. The transaction involved the payout of 1,500 NCDs, marking the maturity of the security. The total principal repaid stands at Rs. 150,00,00,000, effectively clearing the liability for this specific issue (ISIN: INE237A08940).
Interest Payout Summary
In addition to the principal, the bank settled the final interest payment due for the period leading up to the maturity date. The total interest disbursed to eligible bondholders amounted to Rs. 1,05,10,273.97. This payment ensures all financial commitments regarding the 8.25% coupon rate for this instrument are fully satisfied, with no further outstanding amounts remaining.
Financial Impact
The successful maturity and repayment of these debentures demonstrate the bank’s liquidity strength and commitment to timely debt servicing. As the outstanding amount is now nil, this redemption marks the conclusion of the bank’s obligations for this specific financial instrument, further streamlining its capital structure.
Source: BSE
