State Bank of India allots ATI Bonds aggregating Rs 2100 crore

On 06 September 2016

State Bank of India on 06 September 2016 has issued and allotted 21,000 AT1 Basel III compliant Non- convertible, Perpetual, Subordinated, Unsecured Debt instrument in the nature of debenture, of face value Rs. 10,00,000/- each at par through private placement bearing coupon @ 9.00% p.a. payable annually with call option after 5 years or any coupon payment date thereafter aggregating to Rs. 2100 crore (Rupees two thousand and hundred crore) in first tranche, to Yes Bank.

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