Loan & Debt17 Sept 2026, 10:40 pm
Bank of Maharashtra Prices USD 500M Notes Under MTN Programme
AI Summary
Bank of Maharashtra has successfully priced Senior Unsecured Fixed Rate Notes worth USD 500 Million. These notes carry a coupon of 6.112% per annum, payable semi-annually, and have a maturity of 5 years. The issuance is conducted under the bank's USD 500 Million Medium Term Note Programme. The notes will be issued through the bank's IFSC Banking Unit at GIFT City and are slated for listing on India INX and NSE IX. This move is part of the bank's strategy to raise capital through debt instruments.
Key Highlights
- Bank of Maharashtra priced USD 500 Million in Senior Unsecured Fixed Rate Notes.
- The notes have a 5-year maturity with a 6.112% annual coupon rate.
- Issuance is under the bank's Medium Term Note Programme.
- Notes will be listed on India INX and NSE IX.
- This represents a significant debt capital raise for the bank.
Price Impact
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