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State-owned Bank of Maharashtra (BoM) on Wednesday said it has raised Rs 348 crore from bonds to fund business growth.
The lender raised the funds through private placement of Basel-III compliant tier II bonds, BoM said in a regulatory filing.
The paper of face value Rs 1 crore each carries a coupon rate of 8 per cent, it added.
The bonds will be listed on the Wholesale Debt Market segment of the BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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