State Bank of India allots ATI Basel III compliant debt instrument aggregating Rs 2500 crore

On 25 October 2016

State Bank of India announced that the Bank on 25 October 2016 has issued and allotted 25,000 AT1 Basel III compliant Non- convertible, Perpetual, Subordinated, Unsecured Debt instrument in the nature of debenture, of face value Rs. 10,00,000/- each at par through private placement bearing coupon @ 8.39% p.a. payable annually with call option after 5 years or any coupon payment date thereafter aggregating to Rs.2,500 crore (Rupees two thousand five hundred crore) in third tranche.

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