Kotak Mahindra Bank allots US$650M senior notes at 5.478%, due 2031

Fund Raising View source PDF Explain this filing

KOTAKBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹400.35

prior close

₹398.30

announcement price

After-mkt

timing

Nifty 100market+0.5%-0.4% vs market

Private Sector Bank peers, median of 19sector-0.1%+0.2% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.2 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.5

15m

+0.6

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+0.5-0.4-0.1+0.2

Next day

+4.0+0.1+3.9+1.4+2.7

+6.0-0.3+6.3+1.6+4.4

+5.8-0.1+5.9+0.4+5.4

+4.8-0.5+5.3+1.1+3.7

+6.1-0.8+6.9+0.8+5.2

+5.6-1.4+7.0+2.2+3.4

15d

+3.7-4.3+8.0-0.6+4.3

+0.9-4.2+5.1-0.2+1.1

+10.1-6.8+16.9-7.7+17.8

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UpDownMarket · Nifty 100Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Kotak Mahindra Bank has allotted US$650 million senior notes at a fixed coupon of 5.478% per annum, maturing August 24, 2031. The 5-year notes are part of a US$1 billion euro medium term note programme, rated BBB by S&P, unsecured, and will list on India INX and NSE IFSC. Proceeds will diversify funding and meet general corporate purposes.

Likely market impact

Diversifies the Bank's funding mix via low-cost foreign debt. No equity dilution; slight positive on liability profile.