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SBI bonds News

26 Oct 2020

SBI issues Basel-III compliant bonds, raises Rs 5,000 crore

The committee of directors of capital raising met on Monday and accorded its approval to allot 50,000 Basel-III bonds The debentures qualifying as tier II capital of the bank of the face value of Rs 10 lakh each, at par, bearing a coupon of 5.83 percent aggregating to Rs 5,000 crore were allotted to bond subscribers on Oct 26, 2020 The interest on the bonds will be paid annually for a tenor of 10 years and call option after 5 years and on anniversary date thereafter, it said

State Bank of India

09 Sep 2020

SBI raises Rs 4,000 cr through additional tier 1 bonds

The bonds bear a coupon rate of 7.74 per cent. This is the lowest pricing ever offered on such debt. It is being issued by any bank since the country started implementing the stringent Basel III capital rules in 2013

05 Dec 2014

SBI to raise $300 million via bonds

Country's largest lender SBI has decided to raise USD 300 million by way of issuing bonds and the proceeds would be used for general corporate purposes.

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