Bank of Maharashtra - INE457A08084
Banks
corporate
Coupon Rate
8.00%
Maturity Date
23 Mar 2031
ISIN
INE457A08084
Face Value
₹10,00,000
About Issue
This AA+ rated bond from Bank of Maharashtra, a corporate, offers a Fixed coupon of 8% with maturity on 23 March 2031. Issued through the Private placement as under ISIN INE457A08084, this bond ensures strong credit quality with minimal default risk, making it a dependable option for investors seeking better returns than traditional fixed deposits, without taking on significant risk. Ideal for investors who want stable returns with high credit assurance, while benefiting from a superior yield in a short-to-medium term horizon.
Key Attributes
Rating
ACUITE AA+ (Stable)
Mode of Issue
Public
Private
Tax Saving
Yes
No
Collateral Security
Secured
Unsecured
Seniority
Senior
Non-Senior
Deal Details
Interest Frequency
Yearly
Principal Frequency
-
Coupon Type
Fixed
Sector
corporate
Total Issue Size
-
Allotment Date
23 Mar 2021
Remaining Tenure
5Y 9M
Security Name
BANK OF MAHARASHTRA SR III 8 LOA 23MR31 FVRS10LAC
Risk Assessment
Credit Rating
Rating
ACUITE AA+ (Stable)
Date of Rating
18 Dec 2024
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