SBI raises Rs 7,500 cr via Basel III-compliant bonds

economictimes.indiatimes.com:

State Bank of India (SBI) on Wednesday said it has raised Rs 7,500 crore through issuance of Basel III-compliant Tier 2 bonds to qualified institutional bidders. In a regulatory filing, SBI said the issue attracted overwhelming response from investors with bids in excess of 3 times against the base issue size of Rs 4,000 crore.
«The investors were across provident funds, pension funds, mutual funds, banks etc,» SBI said.

SBI Chairman C S Setty said the wider participation and heterogeneity of bids demonstrated the trust investors place in the country's largest bank.
The bonds are issued for a tenor of 15 years and have a coupon rate of 7.33 per cent.
This is the second Basel III-compliant Tier 2 bond issuance for the current fiscal.

• Stock Trading

  Market 101: An Insight into Trendlines and Momentum

  By — Rohit Srivastava, Founder

• Stock Trading

  Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading

  By — Rohit Srivastava, Founder

• Stock Trading

  Market 103: Mastering Trends with RMI and Techno-Funda Insights

  By — Rohit Srivastava, Founder

• Stock Trading

  Market 104: Options Trading: Kickstart Your F&O Adventure

  By — Saketh R, Founder- QuickAlpha, Full Time Options Trader

• Stock Trading

  ROC Made Easy: Master Course for ROC Stock Indicator

  By — Souradeep Dey, Equity and Commodity Trader, Trainer

• Stock Trading

  RSI Made Easy: RSI Trading Course

  By — Souradeep Dey, Equity and Commodity Trader, Trainer

• Stock Trading

  Technical Analysis for Everyone — Technical Analysis Course

  By — Abhijit Paul, Technical Research