State Bank of India raises Rs 4544 cr via AT 1 Bonds

State Bank of India has successfully raised Rs. 4,544 crore Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid Up Basel III compliant AT 1 Bonds at a coupon of 8.20% p.a. The allotment took place on 21 February 2023 on a private placement basis. The Bonds are proposed to be listed on BSE and NSE.

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