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SBI raises Rs 2500 crore through NCDs

24 Nov 2020 Evaluate

State Bank of India (SBI) has raised Rs 2500 crore through Basel III compliant Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures (NCDs) and allotted 25,000 NCDs having face value of Rs 10 lakh each, at par, bearing a coupon of 7.73% p.a. payable annually with call option after 5 years and on anniversary dates thereafter.

SBI is the country’s largest lender and it 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 939.90
PNB 116.15
Bank Of Baroda 235.50
Canara Bank 118.10
Union Bank Of India 172.60
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