SBI raises ₹7,500 crore via bond issue

 State Bank of India (SBI) said it raised ₹7,500 crore at a coupon rate of 6.93% through its Basel III compliant Tier 2 bond issuance for the current financial year. The bonds are issued for a tenor of 10 years with a call option after five years and each anniversary date thereafter.“The issue attracted an overwhelming response from investors with bids approximately three times against the base issue size of ₹5,000 crore. The total number of bids received was 101 indicating participation from a diverse set ...