State Bank of India has raised Rs 4,691 crore through the issuance of Basel III-compliant Additional Tier 1 bonds. The bonds were priced with a 7.75 percent annual coupon.
State Bank of India raised Rs 4,691 crore through Basel III-compliant Additional Tier 1 bonds at a 7.75 percent annual coupon. The transaction was completed with bids exceeding twice the base size.
The strong response came from institutional investors across multiple domestic financial segments. This reflects solid demand for the bank's capital instruments.
The issuance supports SBI's efforts to maintain regulatory capital levels under Basel III rules.
