Financial institution of Maharashtra prone to concern maiden infra bonds to boost Rs 3,000 cr | Firm Information

India’s Financial institution of Maharashtra plans to boost as much as Rs 3,000 cr ($358.27 million), together with a greenshoe of Rs 2,500 cr, via its first concern of infrastructure bonds maturing in 10 years, three bankers mentioned.

The state-run financial institution has invited coupon and dedication bids for the problem on Thursday, they mentioned.

Earlier this month, the financial institution had raised Rs 1,000 cr through Basel III compliant tier II bonds maturing in 10 years at a coupon of seven.89 per cent.

Right here is the record of offers reported to date on July 30: Issuer Tenure Coupon (in per cent) Challenge measurement (in Bidding Score bln rupees)* date Financial institution of 10 years To be determined 5+25 Aug 1 AA+ (ICRA, Maharashtra Careedge Rankings)

(Solely the headline and movie of this report could have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)