State Bank of Travancore raises Tier I Capital aggregating Rs 600 crore

Through private placement of Basel III Compliant Additional Tier I Perpetual Bonds

State Bank of Travancore has allotted 6000 Basel III compliant, unlisted, non convertible, perpetual. unsecured subordinated, fully paid up Basel III compliant Additional Tier I Bonds for inclusion in Tier I Capital of the Bank, in the nature of debentures of face value of Rs 10 lakh each aggregating Rs 600 crore at a coupon rate of 8.50% per annum of private placement basis with a call option on 30 December 2021.

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