SBI raises ₹6,051 cr through oversubscribed bond issue
pre-market1 source ↓written by the desknot a recommendation
- through its Basel
- ₹6,051 crore
- and a tenure
- 7.05%
- a tenure
- 10 years
State Bank of India (SBI) raised ₹6,051 crore through its Basel III-compliant Tier II bond issuance, attracting significant interest from institutional investors. The issue, which was oversubscribed nearly 2x, featured a coupon rate of 7.05% and a tenure of 10 years. This move is expected to bolster SBI's capital adequacy ratio and support its lending operations.
Not investment advice. For informational purposes only.