Published on 3/28/2005 in the Prospect News Emerging Markets Daily.
New Issue: India's Bank of Maharashtra sells Rs. 1 billion 7.1% bonds
New York, March 28 - Bank of Maharashtra said it has priced Rs. 1 billion of 7.1% tier II redeemable subordinated bonds.
The offering has a greenshoe for an additional Rs. 1 billion of bonds.
Bank of Maharastra is a Pune, India-based bank.
Issuer: | Bank of Maharashtra
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Issue: | Redeemable tier II subordinated bonds, series V
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Amount: | Rs. 1 billion
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Greenshoe: | Rs. 1 billion
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Coupon: | 7.1%
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Maturity: | 63 months
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Ratings: | CARE: AA
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| Crisil: AA
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Pricing date: | March 24
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Settlement date: | March 31
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