State Bank of India (SBI) has raised Rs 500 crore from issuing bonds on a private placement basis.
The State Bank of India has said in a BSE filing that “The bank on March 21, 2016 issued 5,000 Basel III compliant, tier-ll bonds in the nature of debentures of face value of Rs 10,00,000 each at par with 10-year tenure, bearing 8.45 percent per annum coupon payable annually and with a call option after 5 years aggregating Rs 500 crore on a private placement basis.”
