Question
State Bank of India, has raised funds worth ______ at a
coupon rate of 8.25 per cent through additional tier-1 (AT-1) bonds.Solution
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.
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