8% Bank Of Maharashtra - AA Rated (INE457A08076)

Bank Of Maharashtra, a Finance company, has floated Bond, having ISIN value as INE457A08076, with a face value of ₹10,00,000 rs on 11Feb21 to raise 205 crores. The debt instrument is issued with a coupon rate of 8% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Bond is 8% UNSECURED LISTED SUBORDINATED FULLY PAID UP TAXABLE NON CONVERTIBLE REDEEMABLE BASEL III COMPLAINT TIER II BONDS IN THE NATURE OF DEBENTURE. SERIES II. LETTER OF ALLOTMENT. DATE OF MATURITY 11/02/2031. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. Acuite Ratings And Research Limited has given AA+ rating to this Bond on 03Nov20. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.