Brief: Bank Of Maharashtra Gets Total Bids Of 5.64 Billion Rupees For Its Issue Of Basel III Compliant Tier 2 Bonds

Bank of Maharashtra

12/12/2023 15:33

Dec 12 (Reuters) - Bank of Maharashtra Ltd  BMBK.NS :
    * BANK OF MAHARASHTRA - GOT TOTAL BIDS OF 5.64 BILLION
RUPEES FOR
ITS ISSUE OF BASEL III COMPLIANT TIER 2 BONDS ON PRIVATE
PLACEMENT BASIS
    * BANK OF MAHARASHTRA LTD - ACCEPTED BID OF 2.59 BILLION
RUPEES AT
COUPON RATE OF 7.99%
    * BANK OF MAHARASHTRA LTD - ACCEPTED BID INCLUDES BASE ISSUE
OF
2.50 BILLION RUPEES AND GREEN SHOE OPTION RETAINED UPTO 90
MILLION RUPEES

Source text for Eikon:  ID:nBSE6g5r1l 
Further company coverage:  BMBK.NS 

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