State Bank of India (SBI) on Wednesday, September 1 announced that it has raised Rs 4,000 crore of Basel compliant Additional Tier 1 (AT1) bonds at a coupon rate of 7.72 per cent, in its first AT-1 bond issue in the domestic market. Huh. Markets after SEBI’s new rules
In a statement, the country’s largest lender said the issue attracted an overwhelming response from investors, with bids worth over Rs 10,000 crore as against a base issue of Rs 1,000 crore.
Shares of State Bank of India on Wednesday closed 0.87 per cent higher at Rs 429.70 on the BSE. SBI today opened at Rs 426.95 on BSE during the entire trading session, having an intraday high of Rs 432.50 and an intraday low of Rs 425.40.