NEWS
Bank of Maharashtra plans to raise Rs 1,500 cr via bonds to fund growth
Bank of Maharashtra plans to raise the funds through private placement of Basel-III compliant tier II bonds; tenure of the bonds is going to be 10 years.
Bank of Maharashtra plans to raise the funds through private placement of Basel-III compliant tier II bonds; tenure of the bonds is going to be 10 years.
Bank of Maharashtra plans to raise Rs 1,500 crore via bonds to fund its business growth.
The state-owned bank intends to raise the funds through private placement of Basel-III compliant tier II bonds.
The issue size is Rs 250 crore with a green shoe option of Rs 1,250 crore, the lender said.
The tenure of the bonds is going to be 10 years.
The bond auction date is September 14, while allotment to bidders would be made on September 18, the bank said in a regulatory filing.
