09-05-2022 02:55 PM | Source: IANS
SBI to raise up to Rs 7,000 cr via Basel-III AT1 bonds
State Bank of India (SBI) plans to raise up to Rs 7,000 crore, which includes Rs 5,000 crore in greenshoe through Basel-III Additional Tier-I bonds, market participants said.
Bidding for the bonds will take place on Wednesday between 11 a.m. and 12 p.m.
Non convertible Taxable Perpetual Subordinated Unsecured Basel III compliant Additional Tier 1 Bonds in the nature of debentures of face value Rs 1 Crore each.
AT1 Bonds are a type of perpetual bonds that don't have any expiry date which is issued to raise long term capital.
Latest News
Neutral Alembic Pharma Ltd For Target Rs.910 By Moti...
Voltas Q4 net profit dips 19 per cent, declares divi...
Buy Birla Corporation Ltd. For Target Rs1,745 By Cho...
Gold has corrected and now making base around 70000 ...
Buy Axis Bank Ltd.For Target Rs. 1325 By Choice Brok...
PB Fintech sees 62 per cent profit surge to Rs 60 cr...
Buy Eveready Industries India Ltd For Target Rs.447 ...
IGL posts 9% rise in net profit at Rs 433 crore for ...
Aluminum May future is expected to move in the band ...
Hold ICICI Bank Ltd. For Target Rs.1,208 By Sushil F...