SBI to raise upto Rs 4,000 cr via Basel-III Tier-II bonds
Monday - September 19, 2022 1:45 pm ,
Category : BUSINESS
Mumbai, Sep 19 (IANS) The State Bank of India (SBI) has planned to raise up to Rs 4,000 crore, which includes Rs 2,000 crore in greenshoe through Basel-III Tier-II bonds maturing in 15-years, dealers said.The bidding for the bonds will take place on September 21 between 11 a.m. and 12 p.m. on the National Stock Exchange (NSE).The Tier-II bonds have a call option of 10-years. The call option allows early exit for investors should the lender exercise the option.
--IANS msn/ksk/
--IANS msn/ksk/
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
