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State Bank of India allots AT1 bonds aggregating Rs 6000 cr

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State Bank of India announced that the Bank's Committee of Directors for Capital Raising at its meeting held today on 18 October 2021 accorded its approval to allot 6,000 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. 1 crore each, at par, bearing a coupon of 7.72% p.a. payable annually, aggregating to Rs. 6,000 crore, to Bond subscribers on 18 October 2021.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, October 18 2021. 19:18 IST
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