Security Name: 8.74% Bank Of Maharashtra (P) Call : 08 Sep 2027
ISIN:
INE457A08118
Taxable
Tax Category
08 Sep, 2027
Call Date
(2 Yr 2 Mo to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
08 Sep, 2022
Allotment Date
NA
Put Date
08 Sep, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.74%
Coupon
Fixed Interest
Coupon Basis
8.5413%
Current Yield
24 Aug, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Bank Of Maharashtra
Bank of Maharashtra was registered in 1935 in Pune as a public limited company, named The Bank of Maharashtra Ltd., with the objective of assisting small business enterprises, traders and self-employed individuals. Subsequently, with an increasing scale of operations, it became a scheduled bank in 1944 and acquired four small banks (Bank of Konkan Ltd., Bank of Nagpur Ltd., Bharat Industrial Bank Ltd. and Banthia Bank Ltd.) to expand its operations. BoM was nationalized, along with 13 other banks, in July 1969 and has remained a mid-sized public sector bank.
The ratio in FY24 is 0.52x and in FY23 it was 1x, indicating a slight decrease in the debt , due to decrease in the borrowings in FY24.
Debt/EBITDA
The ratio in FY24 is 1.38x and in FY23 it was 1.32x This indicates that the debt servicing ability of the issue is increased due to increase in profitability.
Interest coverage ratio
Recent News
Board of Directors have revised the record date
May 31, 2023 | Bank Of Maharashtra
Bank of Maharashtra looks to increase its business in Gujarat by 25%
Apr 12, 2024 | Bank Of Maharashtra
Bank of Maharashtra Q2 results: Net profit up 44% on healthy NII growth
Oct 15, 2024 | Bank Of Maharashtra
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
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BOND VALUE DETAILS
Face Value
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Total Investment
| Cashflow for INE457A08118 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.74% Bank Of Maharashtra (P) Call : 08 Sep 2027 |
| Credit Rating |
|---|
| AA / Stable by IVR AA / Stable by ACUITE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,00,000 |
| Coupon |
|---|
| 8.740000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 08/09/2027 |
| Security |
|---|
| Unsecured Subordinated Tier 1 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jul 08,2025 |
| Principal Amount |
|---|
| ₹1,02,32,610 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹10 |
| Total Amount Payable |
|---|
| ₹1,02,32,620 |
| Price |
|---|
| ₹102.3261 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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