01-01-1970 12:00 AM | Source: Reuters
Bank of Maharashtra to issue 3-month CD
News By Tags | #1285 #413 #139 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

India's Bank of Maharashtra plans to raise funds through certificates of deposit maturing in three months, three merchant bankers said on Thursday.

The state-run lender will offer a yield of 7.30% on this issue and has received commitments worth 10 billion rupees ($122.96 million), the bankers said.

The notes are rated A1+ by CRISIL and the terms of the deal were set on Wednesday.

($1 = 81.3300 Indian rupees)