Through an exchange filing, India's largest public sector lender State Bank of India has announced the allotment of 4,544 bonds at a coupon rate of 8.20 per cent.
The issue of non-convertible, taxable, perpetual, subordinated, unsecured and fully paid up debentures is worth Rs 4,544 crore.
These are Basel III compliant AT1 bonds, which will provide an annual interest payout.
(To receive our E-paper on WhatsApp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)
