 "SBI, State Bank Of India")
State Bank of India plans to raise up to Rs 7,500 crore through the issuance of a second tranche of Tier-II bonds on September 18, sources said. The bonds have a maturity of 15 years. The issuance has a base size of Rs 4,000 crore and an additional greenshoe option of Rs 3,500 crore.
Last month, the bank has raised Rs 7,500 crore at a coupon rate of 7.42 per cent through its first Basel III-compliant Tier-II bond issuance. The bonds are rated "AAA" by ICRA and India Ratings and Research.
Click here to connect with us on WhatsApp
In the current financial year, the lender has raised Rs 20,000 crore through two tranches of infrastructure bonds.
Tier-II bonds form part of a bank's borrowing structure, carrying less risk compared to Tier-I bonds in case of default. As subordinated debt, Tier-II bonds do not have the first claim on assets in the event of a bank's liquidation.
 "SBI Card")
 "SBI, state bank of india")
 "Madras High Court Wikipedia")
 "Goldman Sachs")
 "SBI Chairman, CS Setty")
