Kotak Mahindra Bank Approves US$650M Senior Notes Issuance

Kotak Mahindra Bank Limited announced on August 18, 2026, the approval of terms for issuing senior notes worth US$650 million under its US$1 billion euro medium-term note program. These notes, rated BBB by S&P Global Ratings, will have a tenure of 5 years, with an allotment date of August 24, 2026, and a maturity date of August 24, 2031. The fixed coupon rate is 5.478% per annum, with interest payments semi-annually. The net proceeds will be used to diversify funding sources and for general corporate purposes. The notes will be listed on India International Exchange IFSC Limited and NSE IFSC Limited. This issuance is made under Regulation S of the U.S. Securities Act 1933 and is not an offer for sale in the United States or India.