Sunday, February 3, 2008

Bank of Maharashtra to raise Rs. 200 crore

The Bank of MaharashtraBank of Maharashtra has announced that the bank will issue unsecured, non-redeemable subordinated tier-II bonds in the nature of promissory notes to the extent of Rs 200 crore to augment the bank`s capital adequacy requirements.

The bonds will carry coupon rate of 9.20% p.a. for a period of 123 month, public sector bank said in a release.

The issue opens on January 11 and closes on January 14, and the deemed date of allotment is January 15.
Digg Google Bookmarks reddit Mixx StumbleUpon Technorati Yahoo! Buzz DesignFloat Delicious BlinkList Furl

1 comments: on "Bank of Maharashtra to raise Rs. 200 crore"

Ankur said...

ah Bank of Maharashtra !! 200 crores!! ha ha

I have an account with them here in Mumbai ....

all i can say is Get Well Soon BOM