State Bank of India Raises Rs 7,500 Through Basel III Compliant Tier 2 Bond Issuance
New Delhi: The country’s largest public sector lender State Bank of India (SBI) on Wednesday announced that it has raised Rs 7,500 crores at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year. The bonds are issued for a tenor of 15 years, with…