Bank of Maharashtra has successfully priced a USD 500 Million issuance of Senior Unsecured Fixed Rate Notes. The notes carry a coupon of 6.112% p.a., payable semi-annually, with a maturity of 5 years. This issuance, established under the bank’s Medium Term Note Programme, will be listed on India INX and NSE IX, enhancing the bank’s capital base and long-term funding.
Bank of Maharashtra Completes Major Debt Issuance
Bank of Maharashtra has announced the successful pricing of its Senior Unsecured Fixed Rate Notes, raising a substantial USD 500 Million. This issuance is a key component of the bank’s strategic funding initiatives under its established USD 500 Million Medium Term Note Programme.
Key Details of the Note Issuance
The newly priced notes feature a fixed coupon rate of 6.112% per annum, with interest payments scheduled semi-annually. The notes have a maturity period of 5 years, providing long-term funding stability for the bank. The issuance was conducted under Regulation S of the U.S. Securities Act, 1933. The notes are expected to be issued through the bank’s IFSC Banking Unit at GIFT City on September 24, 2026.
Listing and Strategic Impact
Following their issuance, the notes will be listed on India INX and NSE IX. This successful pricing and subsequent listing are expected to bolster the bank’s capital adequacy and provide further flexibility in managing its financial resources. The issuance underscores the bank’s access to international debt markets and its commitment to strengthening its financial position.
Source: BSE
