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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