Bank of Maharashtra raises Rs710 crore via bonds; Stock marginally up

9 Sep 2022 , 10:29 AM

Bank of Maharashtra has successfully raised Capital of Rs710/- Crore (Rupees Seven Hundred Ten Crore only) through private placement of BASEL III Compliant Additional Tier I Bonds.

The Bank received total bids of Rs1088/- crore, out of which Bank accepted bid of Rs710/- crore (full issue size) at coupon rate of 8.74%.

The said Bonds will be listed on the Wholesale Debt Market segment of the BSE Limited, the company said in a filing.

At around 10:31 AM, Bank of Maharashtra is currently trading at Rs18.85 per share up by Rs0.15 or 0.8% from its previous closing of Rs18.70 per share on the BSE.

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