INSUBCONTINENT EXCLUSIVE:
The state-run bank has invited coupon and commitment bids for the issue on Thursday | Photo: X@mahabank1 min read Last Updated : Jul 31
2024 | 12:20 AM IST
India's Bank of Maharashtra plans to raise up to Rs 3,000 cr ($358.27 million), including a greenshoe of Rs 2,500 cr,
through its first issue of infrastructure bonds maturing in 10 years, three bankers said.
The state-run bank has invited coupon and
commitment bids for the issue on Thursday, they said.
Earlier this month, the bank had raised Rs 1,000 cr via Basel III compliant tier II
bonds maturing in 10 years at a coupon of 7.89 per cent.
Here is the list of deals reported so far on July 30: Issuer Tenure Coupon (in per
cent) Issue size (in Bidding Rating bln rupees)* date Bank of 10 years To be decided 5+25 Aug 1 AA+ (ICRA, Maharashtra Careedge
Ratings)(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is
auto-generated from a syndicated feed.)First Published: Jul 31 2024 | 12:20 AMIST
