Kotak Mahindra Bank Pays Principal and Interest on Senior Unsecured Bonds
Kotak Mahindra Bank Limited confirmed the remittance of principal and interest to the eligible bondholders regarding its 8.25% Senior Unsecured Redeemable Long Term Bonds. The payments were processed on April 28, 2026.The details confirm the full repayment of the bonds, which were issued as Non-Convertible Debentures (NCDs). The transaction marked the maturity of the bond issue, for which the bank released the total principal amount and the accrued interest.
The payment details for the bond are summarized below:
| Metric | ISIN | Due Date / Actual Payment Date | Amount |
|---|---|---|---|
| Principal Amount | INE237A08940 | April 28, 2026 | Rs. 150 crore |
| Interest Amount | INE237A08940 | April 28, 2026 | Rs. 1.0510 crore |
The redemption was recorded as a full maturity payment for the bonds, with the total amount redeemed being Rs. 150,00,00,000. The interest amount paid amounted to Rs. 1,05,10,273.97. This completes the process of the 8.25% Senior Unsecured Redeemable Long Term Bonds, which were set to mature on April 28, 2026.
KOTAKBANK Stock Price Movement
Today, Kotak Mahindra Bank Limited shares edged higher, concluding the session at ₹377.95 after gaining 0.12%. The bank's stock saw substantial interest, with total traded volume hitting 12.85 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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