Bank of Maharashtra prices USD 500 Million Notes at 6.112% coupon
Bank of Maharashtra has priced USD 500 Million (approximately ₹4175 crore) in Senior Unsecured Fixed Rate Notes. The notes mature in 5 years and offer a coupon of 6.112% p.a. The issuance is set for September 24, 2026, through its GIFT City IFSC Banking Unit.
The debt issuance of USD 500 million is a substantial amount and will impact the company's capital structure and financial leverage, but it is a routine fundraising activity for a bank.
The company successfully raised a significant amount of debt capital through an international issuance, which is generally a positive development for liquidity and growth.
Bank of Maharashtra has successfully concluded the issuance of Senior Unsecured Fixed Rate Notes worth USD 500 Million. These notes carry a coupon rate of 6.112% per annum, payable semi-annually, and have a maturity period of 5 years.
The issuance was conducted under the Bank's USD 500 Million Medium Term Note Programme, established on September 4, 2026. The Notes will be issued through the Bank's IFSC Banking Unit located at GIFT City.
The issuance and listing are scheduled to take place on September 24, 2026. The Notes will be listed on India INX and NSE IX.
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Bank of Maharashtra filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.