Kotak Mahindra Bank confirmed the successful remittance of interest payments for its 8.25% Senior Unsecured Redeemable Long Term Bonds. The actual payment date for the interest, which was due on March 30, 2026, was executed on the same day. The total interest amount disbursed amounted to Rs. 12.3750 crore for the Non-Convertible Debentures, which have an issue size of Rs. 150,00,00,000/-.
Confirmation of Interest Payment to Bondholders
Kotak Mahindra Bank Limited has officially informed the stock exchanges regarding the interest payment for its 8.25% Senior Unsecured Redeemable Long Term Bonds. These instruments are structured as Non-Convertible Debentures, with each debenture having a face value of Rs. 10 lakh.
Key Transaction Details
The interest payment process was executed successfully, with the due date and the actual date of payment both falling on March 30, 2026. The payment schedule reflects an annual frequency for interest distribution.
- ISIN:
INE237A08940 - Issue Size:
Rs. 150,00,00,000/- - Total Interest Paid:
Rs. 12,37,50,000/-(or Rs. 12.3750 crore) - Interest Payment Record Date:
March 13, 2026 - Last Interest Payment Date:
March 28, 2025
Payment Adjustments
It is noted that the due date for interest payment was Adjusted as per Business Day Convention, aligning with relevant industry regulations regarding the Issue and Listing of Non-Convertible Securities.
Redemption Details
The accompanying Annexure A confirms that the current submission relates strictly to an Interest payment, and details regarding redemption payments were marked as Not Applicable for this specific announcement, as the instrument is not maturing or being called/put on this date.
Source: BSE
