HomeBusinessBank of Maharashtra secures Rs 200 crore via bonds

Bank of Maharashtra secures Rs 200 crore via bonds

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Bank of Maharashtra on Monday said, “It has raised Rs 200.70 crore through private placement of Basel III compliant tier II bonds.”

In a filing with the exchange, the Bank said, “It has raised a capital of Rs 200.70 crore through private placement of Basel III compliant unsecured redeemable taxable subordinate tier II bonds.”

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“The coupon on the bond was 7.75 percent. The face value bond was Rs 10 lakh each,” the filing added.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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