Bank of Maharashtra raises Rs 348 crore from bonds
Summary
State-owned Bank of Maharashtra (BoM) on Wednesday said it has raised Rs 348 crore from bonds to fund business growth.The lender raised the funds through private placement of Basel-III compliant tier II bonds, BoM said in a regulatory filing.The paper of face value Rs 1 crore each carries a coupon rate of 8 per cent, it added.The bonds will be listed on the Wholesale Debt Market segment of the BSE.
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