Bank of Maharashtra prices $500M in five-year notes at 6.112%
What's the deal? Bank of MaharashtraDealroom has a profile for this one. Try Dealroom → has priced $500 million in senior unsecured fixed rate notes, the full size of its recently established medium term note (MTN) programme. The notes carry a five-year maturity and a coupon of 6.112% per annum, payable semi-annually.
Why now? The bank set up its $500 million MTN programme on September 4, 2026, and priced the debut issuance under it less than two weeks later. It notified stock exchanges on September 17, 2026, under Indian listing rules.
What's the endgame? The notes will be issued through the bank's IFSC Banking Unit at GIFT City on September 24, 2026, and listed on India INXDealroom has a profile for this one. Try Dealroom → and NSE IXDealroom has a profile for this one. Try Dealroom →. They fall under Regulation S of the US Securities Act, 1933, placing them outside the US market.
The signal: At $500 million, the raise sits in the top 10% of post-IPO debt deals in Indian fintech over the past four years, based on 274 comparable rounds. Routing the sale through GIFT City points to India's push to build the special economic zone into a hub for domestic issuers tapping foreign-currency capital.
Read more: psuconnect.in
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