SBI to raise upto Rs 4,000 cr via Basel-III Tier-II bonds
By IANS | Published: September 19, 2022 01:45 PM2022-09-19T13:45:08+5:302022-09-19T13:55:30+5:30
Mumbai, Sep 19 The State Bank of India (SBI) has planned to raise up to Rs 4,000 crore, ...
Mumbai, Sep 19 The State Bank of India (SBI) has planned to raise up to Rs 4,000 crore, which includes Rs 2,000 crore in greenshoe through Basel-III Tier-II bonds maturing in 15-years, dealers said.
The bidding for the bonds will take place on September 21 between 11 a.m. and 12 p.m. on the National Stock Exchange (NSE).
The Tier-II bonds have a call option of 10-years.
The call option allows early exit for investors should the lender exercise the option.
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