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SBI Raises ₹5,000 Crore via AT-1 Bonds at 7.98%

Kumari Sonali

SBI Raises ₹5,000 Crore via AT-1 Bonds at 7.98%:

State Bank of India (SBI) successfully raised ₹5,000 crore through the issuance of Additional Tier-I (AT-I) bonds, marking its first issuance for the current financial year. The bonds, which carry a coupon rate of 7.98%, are aimed at strengthening the bank’s capital base and comply with Basel-III norms.This issuance comes after SBI’s last AT-I bond issuance in January, where it raised ₹5,000 crore at a higher coupon rate of 8.34%. The market response has been robust, with bids exceeding 3.5 times the base size of ₹2,000 crore, indicating strong investor confidence in the bank.

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