State Bank of India raised ₹4,691 crore through its first Basel III-compliant AT1 bond issuance, driven by strong institutional demand. The bonds have a 7.75% coupon rate and a perpetual tenor, with an AA+ rating from CRISIL and CARE Ratings.
State Bank of India raised ₹4,691 crore through its first Basel III-compliant AT1 bond issuance, driven by strong institutional demand. The bonds have a 7.75% coupon rate and a perpetual tenor, with an AA+ rating from CRISIL and CARE Ratings.
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