Buoyed by retail investors' enthusiastic response to its maiden public issue of bonds, State Bank of India is planning to mop up Rs 10,000 crore in various tranches in the remaining period of the current fiscal and the next through these bonds.
The first tranche of the new public issue of bonds (or Lower Tier-II bonds) will have a core issue size of Rs 1,000 crore with an option to retain oversubscription up to Rs 1,000 crore. Besides, the bank will also have the option to retain any amount of oversubscription under the retail category beyond Rs 2,000 crore but up to the rated amount of Rs 10,000 crore.crackcrack
