State Bank of India raises Rs 7,500 Basel III compliance Tier 2 bonds
State Bank of India (SBI) raised Rs. 7,500 crore today at a coupon rate of 7.33% through its second Basel III compliant Tier 2 bond issuance for the current financial year. The bonds are issued for a tenor of 15 years, with call option after 10 years and each anniversary dates thereafter and are rated AAA with stable outlook from CRISIL Ratings and CARE Ratings.
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