SBI Raises Rs 7,500 Crore with Overwhelming Response for Basel III-Compliant Bonds
State Bank of India (SBI) has successfully raised Rs 7,500 crore through the issuance of Basel III-compliant Tier 2 bonds. The issue saw an overwhelming response, attracting bids more than three times the base issue size of Rs 4,
SBI raises Rs 7,500 cr via Basel III-compliant bonds
State Bank of India (SBI) on Wednesday said it has raised Rs 7,500 crore through issuance of Basel III-compliant Tier 2 bonds to qualified institutional bidders. In a regulatory filing, SBI said the issue attracted overwhelming response from investors with bids in excess of 3 times against the base issue size of Rs 4,
SBI Raises Rs 7,500 Cr via Basel III Bonds
State Bank of India (SBI) successfully raised Rs 7,500 crore through Basel III-compliant Tier 2 bonds, attracting strong investor interest. The bonds have a 15-year tenor and a coupon rate of 7.33%.
SBI raises ₹15,000 cr via Basel III bonds in a month
Last month, on August 29, SBI informed exchanges that it raised ₹7,500 crore through its first Basel III compliant Tier 2 bond issuance for the current financial year. The bonds were issued for a tenor of 15 years, at a coupon rate of 7.42%, with call option after 10 years and each anniversary dates thereafter.
State Bank of India Raises Rs 7,500 Crore Through Basel III Compliant Tier 2 Bond Issuance
The bonds are issued for a tenor of 15 years, with call option after 10 years and each anniversary dates thereafter and are rated AAA with stable outlook from CRISIL Ratings Limited and CARE Ratings Limited.
State Bank of India raises Rs 7,500 cr at 7.33% via Tier-2 bond issuance
This issuance follows a similar Rs 7,500 crore bond offering on August 28 at a slightly higher coupon rate of 7.42 per cent, a 9-basis point difference
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