On 22 November 2019
State Bank of India announced that the Committee of Directors for Capital Raising at its meeting held 22 November 2019 has accorded approval for allotment of 38,136 Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured Basel III compliant AT1 Bonds, for inclusion in AT1 Capital of the Bank, in the nature of debenture of face value of Rs 10 lakh each, at par, bearing a coupon of 8.50% payable annually with call option after 5 years or any anniversary date thereafter, aggregating to Rs. 3,813.60 crore to the Bond subscribers on 22 November 2019.Powered by Capital Market - Live News
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