Mumbai: State Bank of IndiaThe country’s largest lender has raised Rs 5,000 crore through its second Basel III-criteria compliance Additional Tier-1 Bonds issue for the present financial year,
Investors have become cautious AT-1 bond (Quasi-Equity Instruments) Such bonds of Yes Bank were written off as part of the restructuring plan in 2020. SBI accepted Rs 5,000 crore at a coupon rate of 8.34%. This issuance is important for SBI as it marks a successful endeavour. Secure long-term non-equity regulatory capital.
Investors have become cautious AT-1 bond (Quasi-Equity Instruments) Such bonds of Yes Bank were written off as part of the restructuring plan in 2020. SBI accepted Rs 5,000 crore at a coupon rate of 8.34%. This issuance is important for SBI as it marks a successful endeavour. Secure long-term non-equity regulatory capital.
