Published on 2/3/2010 in the Prospect News Emerging Markets Daily.
New Issue: India's Bank of Maharashtra sells Rs. 3 billion 8.65% 15-year tier II bonds at par
By Devika Patel
Knoxville, Tenn., Feb. 3 - Bank of Maharashtra informed the Bombay Stock Exchange that it sold another Rs. 3 billion in 8.65% series VI upper tier II unsecured redeemable bonds on Jan. 28.
The bonds will be due in 180 months.
Bank of Maharastra is a Pune, India-based bank.
| Issuer: | Bank of Maharashtra
|
| Issue: | Series VI upper tier II unsecured redeemable bonds
|
| Amount: | Rs. 3 billion
|
| Maturity: | 180 months
|
| Coupon: | 8.65%
|
| Price: | Par of Rs. 1 million
|
| Yield: | 8.65%
|
| Warrants: | No
|
| Settlement date: | Jan. 28
|
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