India New Issue-Bank of Maharashtra to issue 10-year infra bonds, bankers say

Bank of Maharashtra

13/02/2025 05:16

MUMBAI, Feb 13 (Reuters) - India's Bank of Maharashtra  BMBK.NS  plans to raise 30
billion rupees ($345.5 million), including a greenshoe option of 25 billion rupees, through the
sale of infrastructure bonds maturing in 10 years, three bankers said on Thursday.
    The state-run lender has invited coupon and commitment bids for the issue on Monday, they
said.
    The lender did not immediately reply to a Reuters email seeking comment. 
    
  Here is the list of deals reported so far on February 13
                                                                         
 Issuer        Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                            bln rupees)*    date         
                                                                         
 Bank of           10 years  To be decided            5+25  Feb. 17      AA+ (Icra,
 Maharashtra                                                             Care)
 
*Size includes base plus greenshoe for some issues

($1 = 86.8320 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
 ((Dharamraj.dhutia@tr.com))