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MoneyWorks4Me

SBI raises Rs 4,544 crore through bonds

22 Feb 2023 Evaluate

State Bank of India (SBI) has successfully raised Rs 4,544 crore through Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid Up Basel III compliant AT 1 Bonds at a coupon of 8.20% p.a. The Bonds are perpetual and there is no maturity date.

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 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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