Bord of SBI approves allotment of AT1 bonds aggregating Rs 2000 cr

At meeting held on 02 August 207

State Bank of India announced that the committee of Directors for capital rising accorded its approval on 2 August 2017 to allot 20,000 AT1 Basel III compliant Non- Covertible, Perpetual, Subordinated, Bonds in nature of debentures of face value of Rs 10 lakh each at par bearing coupon @8.15% p.a. payable annually with call option after 5 years or any anniversary date thereafter aggregating to Rs 2000 crore to various investors.

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