Bank of Maharashtra raises Rs. 710 crores

Bank of Maharashtra has successfully raised Capital of Rs.710/- Crore (Rupees Seven Hundred Ten Crore only) through private placement of BASEL III Compliant Additional Tier I Bonds. The Bank received total bids of Rs.1088/- crore, out of which Bank accepted bid of Rs.710/- crore (full issue size) at coupon rate of 8.74%.

The said Bonds will be listed on the Wholesale Debt Market segment of the BSE Limited.

Source : Equity Bulls

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BankofMaharashtra FundRaising Basel3 AdditionalTier1Bonds