SBI raises Rs 3,717 cr through Basel III compliant Additional Tier 1 bonds 
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SBI raises Rs 3,717 cr through Basel III compliant Additional Tier 1 bonds

SBI has successfully raised Rs 3,717 crores by issuing unsecured fully paid-up Basel III compliant Additional Tier 1 Bonds (Series III)

PSU Watch Bureau

New Delhi: State-owned SBI said in a regulatory filing on Thursday that it has successfully raised Rs 3,717 crores by issuing non-convertible, taxable, perpetual, sub-ordinated, unsecured fully paid-up Basel III compliant Additional Tier 1 Bonds (Series III).

Total 3,717 bonds were allotted to 14 allottees, it said. As per the filing, the issue opened and closed on March 8 while the bonds were allotted on Thursday at a coupon interest rate of 8.25 percent.

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