State Bank Of India

BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1043.00
-34.55 (-3.21%)
< Home < Back

SBI raises Rs 500 crore on private placement basis

Date: 22-03-2016

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