8.74% Bank Of Maharashtra - AA Rated (INE457A08118)

Bank Of Maharashtra, a Finance company, has floated Debenture, having ISIN value as INE457A08118, with a face value of ₹1,00,00,000 rs on 08Sep22 to raise 710 crores. The debt instrument is issued with a coupon rate of 8.74% 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 Debenture is 8.74% UNSECURED RATED LISTED PERPETUAL BASEL III COMPLIANT ADDITIONAL TIER 1 BOND IN THE NATURE OF DEBENTURE. SERIES 2.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 12Sep22. Acuite Ratings And Research Limited has given AA rating to this Debenture on 28Feb22. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.