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SBI raises Rs 6,872 crore through AT 1 Bond

10 Sep 2022 Evaluate

State Bank of India (SBI) has raised Rs 6,872 crore through the allotment of 7.75% Unsecured, Not Guaranteed, Basel III compliant Additional Tier 1, Taxable, Non-Cumulative, Redeemable, Non-Convertible Bonds on September 09, 2022 . The said AT 1 Bond issue is in compliance with SEBI (LODR) Regulations, 2015 and SEBI (ILNCS) Regulations, 2021. 

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 991.10
PNB 116.60
Bank Of Baroda 234.50
Canara Bank 122.85
Union Bank Of India 177.60
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