Business Standard

State Bank of India issues Rs 4.5K-crore in AT1, half of the amount planned

Bonds allocated at 8.2% coupon with call option in 2033

SBI
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Bhaskar Dutta Mumbai
State Bank of India, the country’s largest lender, is likely to have finalised a sale of additional tier-1 (AT1) bonds worth Rs 4,544 crore out of a total planned issuance of Rs 10,000 crore, sources told Business Standard.

The bank had originally planned a base size of Rs 2,000 crore with a greenshoe option of Rs 8,000 crore, the sources said.

“The SBI AT1 bonds have been allocated for Rs 4,544 crore at a coupon of 8.20 per cent with the call option on February 21, 2033,” a source aware of the development said.

The coupon is the rate of

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First Published: Feb 20 2023 | 7:56 PM IST

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