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Bank of Maharashtra starts marketing $500m five-year dollar debt sale

India’s state-run Bank of Maharashtra plans to raise up to $500 million via its first U.S. dollar-denominated bonds with a five-year maturity and has started marketing the issue to offshore investors, according to two merchant bankers.

MAHABANK

S. dollar-denominated bonds with a five-year maturity, and has begun marketing the offering to offshore investors, two merchant bankers said on Thursday.