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 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
View more..