Friday, 4 August 2017

SBI to raise Rs.2000 crore via Basel-||| Bonds

State Bank of India plans to raise Rs 2,000 crore by allotting Basel-III compliant bonds to various investors.

The committee of directors for capital raising accorded its approval to allot 20,000 AT1 Basel-III compliant non-convertible, perpetual, subordinated bonds in the nature of debentures.
The bonds will carry a coupon rate of 8. 15% per annum with a call option after 5 years or the anniversary date thereafter.

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