SBI to raise up to ₹7,000 cr via Basel-III AT1 bonds
Sep 5, 2022, 15:39 IST
State Bank of India (SBI) plans to raise up to Rs 7,000 crore, which includes Rs 5,000 crore in greenshoe through Basel-III Additional Tier-I bonds, market participants said.
Bidding for the bonds will take place on Wednesday between 11 a.m. and 12 p.m.
Non convertible Taxable Perpetual Subordinated Unsecured Basel III compliant Additional Tier 1 Bonds in the nature of debentures of face value Rs 1 Crore each.
AT1 Bonds are a type of perpetual bonds that don't have any expiry date which is issued to raise long term capital.
SEE ALSO :
From Amazon to Oscars goodie bags, Indian consumer brands are going places
Meesho expects 4X jump in small business participation this festive season
Advertisement
Bidding for the bonds will take place on Wednesday between 11 a.m. and 12 p.m.
Non convertible Taxable Perpetual Subordinated Unsecured Basel III compliant Additional Tier 1 Bonds in the nature of debentures of face value Rs 1 Crore each.
AT1 Bonds are a type of perpetual bonds that don't have any expiry date which is issued to raise long term capital.
SEE ALSO :
From Amazon to Oscars goodie bags, Indian consumer brands are going places
Meesho expects 4X jump in small business participation this festive season