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.