Khaitan & Co Advised Bank Of Maharashtra On Issuance Of Bonds
Khaitan & Co advised Bank of Maharashtra on the issuance of non-convertible, listed, rated, unsecured, subordinated,
Khaitan & Co Advised Bank Of Maharashtra On Issuance Of Bonds
Khaitan & Co advised Bank of Maharashtra on the issuance of non-convertible, listed, rated, unsecured, subordinated, taxable, fully paid-up, redeemable Basel III compliant Tier 2 bonds in the nature of debentures.
These bonds have a face value of ₹1 crores each, with the total issue size not exceeding ₹1000 crores. The issuance includes a base issue size of ₹250 crores and a green shoe option to retain oversubscription up to ₹750 crores, on a private placement basis, for inclusion in the Tier 2 Capital of the Bank.
The issuance of Bank of Maharashtra was subscribed more than 7 times.
The transaction team at Khaitan & Co consisted of Manisha Shroff (Partner), Riya Bhattacharjee (Partner), Mohit Nad (Principal Associate), Akshansh Sharma (Associate) and Chhavishree Somani (Associate).