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VERIFIEDMint Markets·neutral
SBI raises ₹4,691 crore through the issuance of tier-1 bonds. Details here
AI Summary
- ·SBI raised ₹4,691 crore through its first Basel III-compliant AT1 bond issuance.
- ·The bonds carry a coupon rate of 7.75% and have a perpetual tenor.
- ·The issuance received an AA+ rating from CRISIL and CARE Ratings.