MoneyWorks4Me

Bank of Maharashtra raises Rs 600 crore via Basel III Compliant Tier II Bonds

07 Mar 2020 Evaluate

Bank of Maharashtra has raised Rs 600 crore (Issue of Rs 200 crore plus Green Shoe Option of Rs 400 crore) through issue of Basel III Compliant Tier II Bonds. The bank has allotted 6000 bonds of face value Rs 10 lakh each to allottees on March 6, 2020. The Coupon rate of bond is 8.70% and it will get mature on March 6, 2030.

Bank of Maharashtra offers several products and services in personal banking such as deposits, savings, personal loans, educational loans, demat services, credit cards, etc. The Bank also offers services to agricultural and SME sectors.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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