20.2 C
Delhi
Sunday, March 1, 2026

SBI raises Rs 4,000 cr via Tier 2 bonds

Date:

Share post:

New Delhi: The State Bank of India (SBI) on Thursday said it has raised Rs 4,000 crores via Tier 2 bonds at a coupon rate of 7.57 per cent.

The issue attracted an overwhelming response from investors with bids of Rs. 9,647 crores and was oversubscribed by about five times against the base issue size of Rs. 2,000 crores, a statement from the bank said.

“Based on the response, the Bank has decided to accept Rs 4,000 crores at a coupon rate of 7.57 per cent payable annually for a tenure of 15 years with a call option after 10 years and on anniversary dates, thereafter… The 10-year SDL cut-off was 7.69 per cent annualized on September 20,” the statement said.

Related articles

India issues advisory for nationals in Israel amid security situation

Tel Aviv: The Embassy of India in Israel has issued an advisory urging all Indian nationals in the...

RBI’s tightened credit norms to reshape proprietary trading: CRISIL

New Delhi: Fresh directions issued by the Reserve Bank of India (RBI) on credit facilities to capital market...

DRDO conducts three successful VSHORADS flight trials at ITR Chandipur

New Delhi: Three successive flight trials of Very Short-Range Air Defence System (VSHORADS) was conducted by the Defence...

Big military campaign ongoing against Iran, says Trump as Israel joins air strikes

Washington/ Tehran: President Donald Trump has described the attack on Iran as "massive and ongoing," as the United...