Bank of Maharashtra raises Rs 500 cr

By issue of Tier II Bonds

Bank of Maharashtra has raised Rs. 500 crore by issue of Basel III Compliant Unsecured Redeemable Non-Convertible Tier II Bonds. The Bonds have been rated as AA hyb by ICRA and AA by CARE. The Bonds bear the coupon rate of 9.20% p.a.

Powered by Capital Market - Live News