According to an echange filing, India's top public sector lender the State Bank of India has raised Rs. 9,718 crore through the sale of non-convertible debentures, which are redeemable, unsecured and long term.
The 9,71,800 fully paid up NCDs come with a 7.70 per cent coupon rate and a tenure of 15 years.
(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.)
