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MoneyWorks4Me

SBI raises Rs 500 crore on private placement basis

22 Mar 2016 Evaluate

State Bank of India has, on March 21, 2016, issued 5,000, Basel III compliant, Tier-ll bonds in the nature of debentures, of face value of Rs 10 lakh each at par, with 10 year tenure, bearing 8.45% per annum coupon payable annually and with call option after 5 years, aggregating to Rs 500 crore on private placement basis.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc

Peers
Company Name CMP
State Bank Of India 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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