Kotak Mahindra Bank Confirms Payment of Principal and Interest to Bondholders
Kotak Mahindra Bank has confirmed the payment of principal and interest to bondholders for its 8.25% Senior Unsecured Redeemable Long Term Bonds under Regulation 57 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The payment was made on April 28, 2026, with principal amounting to Rs 150 crore and interest of Rs 1,05,10,273.97. The bonds, identified by ISIN INE237A08940, were fully redeemed at maturity, with 1500 Non-Convertible Debentures of Rs 1 lakh each. The interest payment record date was April 13, 2026, and the last interest payment was made on March 30, 2026.
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Kotak Mahindra Bank has confirmed the payment of principal and interest to bondholders for its 8.25% Senior Unsecured Redeemable Long Term Bonds under Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank remitted the payments to eligible bondholders on April 28, 2026, as per the scheduled due date.
Payment Details
The payment pertains to bonds with ISIN INE237A08940. The principal amount of Rs 150 crore and interest of Rs 1.0510 crore were paid on the due date. The bonds were Non-Convertible Debentures of Rs 1 lakh each.
| ISIN | Due Date for Payment of Principal & Interest | Actual Date of Payment | Principal & Interest Amount |
|---|---|---|---|
| INE237A08940 | April 28, 2026 | April 28, 2026 | Principal: Rs. 150 crore Interest: Rs. 1.0510 crore |
Interest Payment Breakdown
The bank provided comprehensive details regarding the interest payment in Annexure A. The interest amount to be paid on the due date was Rs 1,05,10,273.97. The interest payment record date was April 13, 2026, while the due date and actual date for interest payment were both April 28, 2026. The last interest payment was made on March 30, 2026.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | ISIN | INE237A08940 |
| 2 | Issue Size (in Rs.) | Rs. 150,00,00,000/- |
| 3 | Interest Amount to be paid on due date | April 28, 2026 |
| 4 | Frequency - quarterly/ monthly | Maturity |
| 7 | Interest payment record date (DD/MM/YYYY) | April 13, 2026 |
| 8 | Due date for interest payment (DD/MM/YYYY) | April 28, 2026 |
| 9 | Actual date for interest payment (DD/MM/YYYY) | April 28, 2026 |
| 10 | Amount of interest paid (in Rs.) | Rs. 1,05,10,273.97 |
| 11 | Date of last interest payment (DD/MM/YYYY) | March 30, 2026 |
Redemption Details
The bonds were fully redeemed at maturity. The quantity redeemed was 1500 Non-Convertible Debentures. The due date for redemption and the actual date of redemption were both April 28, 2026. The amount redeemed was Rs 150,00,00,000, with no outstanding amount remaining. The reason for redemption was stated as maturity.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | ISIN | INE237A08940 |
| 2 | Type of redemption (full/ partial) | Full |
| 5 | Reason for redemption | Maturity |
| 8 | Quantity redeemed (no. of NCDs) | 1500 |
| 9 | Due date for redemption/ maturity (DD/MM/YYYY) | 28/04/2026 |
| 10 | Actual date for redemption (DD/MM/YYYY) | 28/04/2026 |
| 11 | Amount redeemed (in Rs.) | Rs. 150,00,00,000 |
| 12 | Outstanding amount (Rs.) | Nil |
| 13 | Date of last Interest payment (DD/MM/YYYY) | 30/03/2026 |
The bank has hosted this information on its website in compliance with the Listing Regulations, as amended. The confirmation was signed by Avan Doomasia, Company Secretary of Kotak Mahindra Bank Limited.
Will Kotak Mahindra Bank issue new bonds to replace this redeemed Rs 150 crore debt, and at what interest rates given current market conditions?
How will this debt redemption impact Kotak Mahindra Bank's capital adequacy ratios and future borrowing capacity?
What is Kotak Mahindra Bank's upcoming debt maturity profile, and are there other significant bond redemptions scheduled in the next 12-24 months?
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