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Bank of Maharashtra Ltd Announces Raising of Tier I Innovative Perpetual Debt Instruments (lPDI) upto INR350 crore (INR3.5 Billion) and lower Tier II Bonds upto INR1,000 crore ( INR10 Billion)

Monday, 24 Dec 2012 05:50am EST 

Bank of Maharashtra Ltd announced that to augment the Company's Capital Adequacy requirements, the Bank has decided to issue Tier I Unsecured, Non Convertible, Subordinated, Perpetual] Bonds (Perpetual Debt Instruments) in the nature of Promisory Notes up to INR350 crore and; Unsecured, Redeemable, Non Convertible, Subordinated, (Lower Tier II) Bonds in the nature of Promisory Notes up to INR1000 crore. The Lower Tier Il Bonds are for a period of 120 months. The issue opens on December 26, 2012, closes on December 29, 2012 and the deemed date of allotment is December 31, 2012. 

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28 Aug 2014