-34.55 (-3.21%) 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.
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