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.
