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Bank of Maharashtra informs about raising of funds

28 Jun 2016 Evaluate

Bank of Maharashtra has informed that the Bank has raised Rs 500 Crore by issue of Basel III Compliant Unsecured Redeemable Non-Convertible Tier II Bonds. The Bonds have been rated as AA hyb by ICRA and AA by CARE. The Bonds bear the coupon rate of 9.20% p.a.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 957.25
PNB 112.00
Bank Of Baroda 232.80
Canara Bank 117.65
Union Bank Of India 168.40
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