Bank of Maharashtra has received total bids of INR 7,600 million for its issue of Basel III Compliant Tier 2 Bonds on private placement basis. Further, Bank has accepted bid of INR 5,150 million (including Base issue of INR 2,500 million and Green shoe option retained up to INR 2,650 million) at coupon rate of 7.98%. Details of same are given below: Maturity date: Redeemable after 120 months from the Deemed Date Allotment.
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- Bank of Maharashtra Announces Issuance of Basel III Compliant Tier II Bonds of INR 5,150 Million