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SBI to raise upto Rs 4,000 cr via Basel-III Tier-II bonds

By IANS | Updated: September 19, 2022 13:55 IST

Mumbai, Sep 19 The State Bank of India (SBI) has planned to raise up to Rs 4,000 crore, ...

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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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: State Bank Of IndiaNational Stock ExchangeBank branchesIndia servicesIcici groupNational payment corporation of indiaGoogle research indiaState for educationOperations research groupGovernment of india and reserve bank
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