SBI likely to sell Rs 10,000 crore of AT-1 bonds around February 20

State Bank of India, the country’s largest lender, is in talks to raise up to Rs 10,000 crore worth of capital through the sale of additional tier-1 (AT-1) bonds around February 20, sources said.

The bonds, which are likely to receive a rating of AA+, may go up for bidding on February 20 with issuance scheduled for the next day, sources said.

“We are hearing that there is a base size of Rs 2,000 crore and a greenshoe option worth Rs 8,000 crore. The first call options is likely to be after 10 years. Credit growth continues to remain much