7.86% Bank Of Maharashtra - AA Rated (INE457A08092)

Bank Of Maharashtra, a Finance company, has floated Bond, having ISIN value as INE457A08092, with a face value of ₹1,00,00,000 rs on 21Oct21 to raise 1000 crores. The debt instrument is issued with a coupon rate of 7.86% 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 7.86% UNSECURED LISTED SUBORDINATED FULLY PAID UP TAXABLE NON CONVERTIBLE REDEEMABLE BASEL III COMPLAINT TIER II BONDS IN THE NATURE OF DEBENTURE. SERIES IV. LETTER OF ALLOTMENT. DATE OF MATURITY 21/10/2031. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given AA+ rating to this Bond on 21Oct21. Neither the Principal nor the Interest is covered for this Bond. Yes, this debt instrument is Perpetual In Nature.