MAHABANK · Bank of Maharashtra · NSE · Filed 5 Sept · 1 min read

Bank of Maharashtra establishes USD 500 million Euro Medium Term Note programme

The state-owned lender told the exchanges it has set up a USD 500 million EMTN programme, with the offering circular filed at the two IFSC exchanges.

What was filed

Bank of Maharashtra informed the NSE and BSE that it has, as of the filing date, established a Euro Medium Term Note (EMTN) programme. Such a programme is a standing framework that lets a bank issue debt notes to overseas investors in tranches over time, rather than arranging a fresh offering for each borrowing. The filing states the programme's size but discloses no individual issuance, coupon, tenor or timing.

Where the detail sits

The intimation itself is brief. The bank said the offering circular has been submitted to NSE IFSC Limited and India International Exchange (IFSC) Limited and is available on their respective websites. The pricing and terms of any notes actually issued under the programme are not in this filing — it records only that the framework now exists.

EMTN programme size: USD 500 million

For a holder, the programme sets up a standing channel for the bank to raise foreign-currency debt in future tranches; the establishment itself does not represent money raised, and no issuance terms are disclosed in this filing.