Bank of Maharashtra has announced the Record Date for the redemption payment of its BASEL III Tier II Bonds (ISIN: INE457A08035). The specified record date is September 12, 2026. Bondholders on this date will be eligible for the redemption payment, which is due by September 27, 2026. The coupon rate for these bonds is 9.20%, and the issue amount was Rs.500.00 crore.
Record Date Announced for Bond Redemption
Bank of Maharashtra has officially set the Record Date for the upcoming redemption payment of its outstanding BASEL III Tier II Bonds. This announcement is critical for investors holding these bonds, as it determines eligibility for the redemption proceeds. The designated Record Date is September 12, 2026.
Bond Details and Payment Timeline
The specific bond series in question is identified by the ISIN INE457A08035. These bonds carry a coupon rate of 9.20%, and the total issue amount was Rs.500.00 crore. Investors who are registered holders of these bonds as of the Record Date, September 12, 2026, will be entitled to receive the redemption payment. The final Due date for Redemption Payment has been fixed as September 27, 2026.
Disclosure and Trustee Information
This intimation is made in accordance with regulatory requirements. A copy of this communication has also been forwarded to Axis Trustee Services Limited, which serves as the Debenture Trustee for these Bonds. The bank assures its stakeholders that all necessary steps are being taken to ensure a smooth redemption process for its bondholders.
Source: BSE
