State Bank of India raises funds via bonds
State Bank of India (SBI) has raised funds by allotting 40,210 Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured Basel III compliant Additional Tier 1 Bonds, for inclusion in Additional Tier 1 Capital of the Bank, in the nature of debentures of face value of Rs 10 lakh each, at par, bearing coupon of 9.56% p.a. payable annually … Read more