Debt Debt financing
Bank of Maharashtra raises $500-M in dollar bonds
Source Business Line (opens in a new tab)BSE Announcement (opens in a new tab)
Pune-based Bank of Maharashtra has raised USD 500 million through its debut international bond issuance.Bank of Maharashtra’s debt instrument carries a five-year maturity period and was executed in a single tranche. The bank plans to use the proceeds from this five-year senior unsecured note offering to support its business growth.