Question

State Bank of India, has raised funds worth ______ at a

Q: Answer-State Bank of India, has raised funds worth ______ at a coupon rate of 8.25 per cent through additio...

State Bank of India, has raised funds worth Rs 3,717 crore at a coupon rate of 8.25 per cent through additional tier-1 AT-1 bonds. The bonds have a ten-year call option. SBI had originally planned a total fund-raising plan of Rs 5,456 crore through AT-1 bonds this week, including a base size of Rs 2,000 crore and a greenshoe option of Rs 3,456 crore.