Question
SBI’s recent (Oct 2024) ₹5,000 crore bond issuance
had a coupon rate of ______.Solution
State Bank of India (SBI) raised Rs 5,000 crore through the issuance of Additional Tier-I (AT-I) bonds at a coupon rate of 7.98 per cent to bolster its capital base, marking the lender's first such issuance in the current financial year . The coupon rate is the rate of interest that the bank will pay to investors. The bonds have a call option exercisable after 10 years. AT-1 bonds are debt instruments that are issued by banks to raise money and shore up the capital base. The AT-I bond issue had a base size of Rs 2,000 crore, with a greenshoe option for an additional Rs 3,000 crore. They have been rated ‘AA+’ by Crisil Ratings.
In which Indian State is the Nanda Devi peak located?
What was the maximum depth reached by Indian aquanauts in the August 2025 deep-sea Atlantic dives?
Geojit Financial Services has entered into an agreement with which bank to offer a special 3-in-1 bundled account to the bank’s customers?
Which facility is being developed at Jawaharlal Nehru Port in Mumbai to enhance agricultural export capabilities?
Which company signed an MoU with RINL for the supply of lubricants from 2024 to 2029?
Which ministry organized the 'Shramdaan' event on the theme of "GARBAGE FREE INDIA" as part of the national call of 'Ek Tareekh Ek Ghanta Ek Saath'?
How many rescued children during Operation Muskaan-XI were reunited with their families?
Which river originates from Rakshas Tal (Rakes Lake)?
What is the height of the newly constructed Chenab Railway Bridge that surpasses the Eiffel Tower?
According to the Tax Devolution policy of central government, the taxes collected by the Centre is devolved in who many instalments among states in a fi...
Relevant for Exams:
