Bank of Maharashtra 
Dealstreet

Khaitan & Co advised Bank of Maharashtra on issuance of bonds

The aggregate total issue size of the bonds is equivalent to ₹1000 crore.

Bar & Bench

Bank of Maharashtra has issues non-convertible, listed, rated, unsecured, subordinated, taxable, fully paid-up, redeemable Basel III compliant Tier 2 bonds in the nature of debentures with a face value of ₹1 crore each, at par, for a total issue size not exceeding ₹1000 crore for inclusion in Tier 2 Capital of the Bank, with a base issue size of ₹250 crore and a green shoe option to retain oversubscription up to ₹750 crore on a private placement basis.

Khaitan & Co advised Bank of Maharashtra on this issuance of bonds.

The transaction team consisted of Manisha Shroff (Partner), Riya Bhattacharjee (Partner), Mohit Nad (Principal Associate), Akshansh Sharma (Associate) and Chhavishree Somani (Associate).

Manisha Shroff, Riya Bhattacharjee

The issuance of Bank of Maharashtra was subscribed more than 7 times.

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