Earlier this month, the bank raised Rs1,000 crore
MUMBAI: Bank of Maharashtra plans to raise up to Rs 3,000 crore ($358.27 million), including a greenshoe option of Rs 2,500 crore, through its first issue of infrastructure bonds maturing in 10 years, according to three bankers. The state-run bank has invited coupon and commitment bids for the issue on Thursday.
Earlier this month, the bank raised Rs 1,000 crore via Basel III compliant Tier II bonds maturing in 10 years at a coupon of 7.89%.
Here is the list of deals reported so far on July 30:
| Issuer | Tenure | Coupon (in %) | Issue Size (in bln rupees) | Bidding Date | Rating |
|---|---|---|---|---|---|
| Bank of Maharashtra | 10 years | To be decided | 5+25 | Aug 1 | AA+ (ICRA, CareEdge Ratings) |
