MoneyWorks4Me

SBI raises Rs 5000 crore through bonds

20 Jan 2024 Evaluate

State Bank of India (SBI) has raised Rs 5000 crore through 5000 Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Basel III compliant Additional Tier 1 Bonds of face value Rs 1 crore each in the nature of debentures at a coupon of 8.34%. 

State Bank of India 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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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