Bank of Maharashtra issues $500 mln senior notes at 6.112% coupon
This story was originally published at 09:44 IST on 18 September 2026
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NEW DELHI – Bank of Maharashtra has issued $500 million of senior unsecured fixed rate notes Thursday, with maturity of five years under its $500 million medium term note programme, the bank informed exchanges. The bank has set the coupon on notes at 6.112% payable semi-annually, it said.
The notes have been issued through the bank's IFSC banking unit at Gujarat International Finance Tec-City. The notes will be listed on India International Exchange Ltd. and NSE International Exchange, the filing said.
For the June quarter, Bank of Maharashtra had reported a net profit of INR 20.20 billion and total income of INR 90.63 billion. At 0930 IST, the bank's shares traded at INR 81.78 on the National Stock Exchange, up 1.2% from the previous close. End
US$1 = INR 95.75
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Shweta
Edited by Akul Nishant Akhoury
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