at-1 bonds

AT-1 bonds: SBI raises Rs 5,000 crore through AT-1 bonds

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AT-1 bonds: SBI raises Rs 5,000 crore through AT-1 bonds

Mumbai: State Bank of India (SBI) has raised ₹5,000 crore through the issuance of additional tier-1 (AT-1) bonds on Thursday, bolstering its long-term non-equity capital amid firm credit demand in the economy. The coupon rate – or the rate of interest paid to investors – was set at 8.34%, the country’s largest lender said. The … Read more

SBI likely to raise up to Rs 5,000 cr more, via AT-1 bonds this month

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SBI likely to raise up to Rs 5,000 cr more, via AT-1 bonds this month

State Bank of India is likely to raise funds worth up to Rs 5,000 crore through the issuance of additional tier-1 (AT-1) bonds in the third week of January as the country’s largest lender looks to garner long-term funds amid robust credit demand. “Bidding for the debt sale is likely on January 17th. It will … Read more