Fixation of record date for payment of interest on bonds- INE457A08035
MAHABANK · price
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Bank of Maharashtra has fixed 12 June 2025 as the record date for payment of annual interest on its BASEL III Tier II Bonds (ISIN: INE457A08035). The bonds, worth Rs. 500 crore, carry a coupon rate of 9.20% per annum, and the interest payment is due on 27 June 2025. This is a routine disclosure under SEBI listing regulations regarding bond servicing. Only bondholders whose names appear on the record date will be eligible to receive the interest payment.
This is a routine bond-related announcement and does not affect equity shareholders directly. The 9.20% coupon on these bonds signals the bank's cost of Tier II capital but has no immediate impact on the stock price.