CURRENT AFFAIRS: BANKING & FINANCE
State Bank of India raises Rs 4,544 cr via allotment of AT-1 bonds
- State Bank of India (SBI) announced that it has raised Rs 4,544 crore through allotment of Basel III compliant AT-1 bonds like debentures.
- These non-convertible, taxable, perpetual, subordinated, unsecured, fully paid up Basel III compliant AT- 1 bonds like debentures have a coupon rate of 8.20% per annum (p.a).
