{
  "id": 8233837,
  "title": "Bank of Maharashtra raises $500 million in debut dollar debt, tightens pricing",
  "url": "https://urgent.news/2026/09/18/bank-of-maharashtra-raises-500-million-in-debut-dollar-debt-tightens",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T11:28:14.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440147/bank-of-maharashtra-raises-500-million-in-debut-dollar-debt-tightens-pricing"
  },
  "original_language": "en",
  "account": "India's government-owned Bank of Maharashtra successfully raised $500 million in its first dollar-denominated bond issuance, according to two bankers on Friday. The bank priced the five-year debt at a narrower spread than initially anticipated, reflecting strong investor interest. The bonds, rated BBB by S&P and BBB- by Fitch Ratings, offered a coupon of 6.1120% paid semi-annually. The issue was sold at a spread of 130 basis points over U.S. Treasury securities, a 25 basis point reduction from the initial price guidance of 155 basis points. The funds raised will be utilized to address the bank's funding needs at its India headquarters and foreign branches, as well as for general corporate purposes. The transaction took place under the central bank's concessional swap window, which helps minimize costs for hedging against potential currency fluctuations. Other state-run banks, including Canara Bank, are also planning to issue dollar debt this month. Since the central bank introduced the swap window in June, Indian banks have collectively raised $13 billion through dollar bonds.",
  "summary": "MUMBAI: India’s state-run Bank of Maharashtra’s drew strong demand for its inaugural U.S. dollar-denominated bonds, allowing it to price the five-year debt at a narrower spread compared with its initial guidance, two bankers said on Friday. The bank raised $500 million through the debt sale at a coupon of 6.1120% payable on a semi-annual basis, it said in a notice to stock exchanges. The issue…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "VnExpress Business",
        "title": "10 million people contribute $21M to charity through MoMo Piggy Bank",
        "url": "https://urgent.news/2026/09/18/10-million-people-contribute-21m-to-charity-through-momo-piggy-bank",
        "published": "2026-09-18T06:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}