 "SBI raises Rs 500 crore via issue of bonds")
The country's largest lender, SBI on Tuesday said it has raised Rs 500 crore from issue of bonds on a private placement basis.
"The bank on March 21, 2016 issued 5,000 Basel III compliant, tier-ll bonds in the nature of debentures of face value of Rs 10,00,000 each at par with 10-year tenure, bearing 8.45 per cent per annum coupon payable annually and with a call option after 5 years aggregating Rs 500 crore on a private placement basis," State Bank of India said in a BSE filing.
The fund raised is part of SBI's Rs 12,000 crore debt capital.
Earlier, on March 9, the SBI board had approved raising the remaining Rs 5,000 crore of the Rs 12,000-crore fund-raising programme.
The SBI stock was trading 0.03 per cent higher at Rs 196.70 on BSE in the morning trade.
"The bank on March 21, 2016 issued 5,000 Basel III compliant, tier-ll bonds in the nature of debentures of face value of Rs 10,00,000 each at par with 10-year tenure, bearing 8.45 per cent per annum coupon payable annually and with a call option after 5 years aggregating Rs 500 crore on a private placement basis," State Bank of India said in a BSE filing.
The fund raised is part of SBI's Rs 12,000 crore debt capital.
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Last week, the public sector lender had raised Rs 3,000 crore on a private placement basis.
Earlier, on March 9, the SBI board had approved raising the remaining Rs 5,000 crore of the Rs 12,000-crore fund-raising programme.
The SBI stock was trading 0.03 per cent higher at Rs 196.70 on BSE in the morning trade.