State Bank of India Raises Rs 7,500 Crore Through Basel III Compliant Tier 2 Bond Issuance
New Delhi: State Bank of India (SBI), the country’s largest lender, raised Rs 7,500 crores at a coupon rate of 7.33% through its second Basel III compliant Tier 2 bond issuance for the current financial year. The bonds are issued for a tenor of 15 years, with call option after 10 years and each anniversary…