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.

A Rs.3717 crore Correct Answer Incorrect Answer
B Rs.3956 crore Correct Answer Incorrect Answer
C Rs.4100 crore Correct Answer Incorrect Answer
D Rs.4234 crore Correct Answer Incorrect Answer

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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