Bank of Maharashtra prices USD 500M notes at 6.112 percent under MTN Programme
MAHABANK · price
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Bank of Maharashtra has priced USD 500 Million Senior Unsecured Fixed Rate Notes at a coupon of 6.112 percent per annum, payable semi-annually. The 5-year notes will be issued on September 24, 2026, through the Bank's IFSC Banking Unit at GIFT City, under its USD 500 Million Medium Term Note Programme set up on September 4, 2026. The notes will be listed on India INX and NSE IX.
Raises USD 500 million in offshore debt at competitive rate, strengthening capital base and diversifying funding sources for the bank.