Financial institution of Maharashtra prone to concern maiden infra bonds to lift Rs 3,000 cr | Firm Information

India’s Financial institution of Maharashtra plans to lift as much as Rs 3,000 cr ($358.27 million), together with a greenshoe of Rs 2,500 cr, by way of its first concern of infrastructure bonds maturing in 10 years, three bankers mentioned.

The state-run financial institution has invited coupon and dedication bids for the problem on Thursday, they mentioned.

Earlier this month, the financial institution had raised Rs 1,000 cr by way of Basel III compliant tier II bonds maturing in 10 years at a coupon of seven.89 per cent.

Right here is the checklist of offers reported thus far on July 30: Issuer Tenure Coupon (in per cent) Challenge measurement (in Bidding Score bln rupees)* date Financial institution of 10 years To be determined 5+25 Aug 1 AA+ (ICRA, Maharashtra Careedge Rankings)

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