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India’s Bank of Maharashtra plans Rs. 2 billion bond offering
By Sarah Lizee
Olympia, Wash., March 3 – Bank of Maharashtra informed the Bombay Stock Exchange that it plans to issue up to Rs. 2 billion of Basel 3 compliant tier 2 bonds via private placement.
The issue would carry a Rs. 4 billion greenshoe.
The Pune, India-based issuer is one of the largest banks in western India.
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