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      Question

      How much capital did State Bank of India raise through

      its 15-year infrastructure bonds, and at what interest rate were these bonds priced?
      A Rs 7,540 crore at 10% Correct Answer Incorrect Answer
      B Rs 10,000 crore at 7.54% Correct Answer Incorrect Answer
      C Rs 15,000 crore at 7.54% Correct Answer Incorrect Answer
      D Rs 10,000 crore at 15% Correct Answer Incorrect Answer
      E Rs 7,540 crore at 7.54% Correct Answer Incorrect Answer

      Solution

      State Bank of India raised Rs 10,000 crore through its 15-year infrastructure bonds, which were priced at an interest rate of 7.54 percent. This issuance of bonds is a mechanism through which the bank raises capital by offering these bonds to investors, and the bank agrees to pay interest at the specified rate to the bondholders over the 15-year tenure of the bonds.

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