State Bank of India allots NCDs aggregating Rs 2500 crore

State Bank of India has allotted 25,000 Basel III compliant Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures qualifying as AT 1 Capital of the Bank, of face value of Rs. 10 lakh each, at par, bearing a coupon of 7.73% p.a. payable annually with call option after 5 years and on anniversary dates thereafter, aggregating to Rs, 2,500 crore, to Bond Subscribers on 24 November 2020.

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