Tag: AT1 Bonds

State Bank of India raises Rs4,000 cr via AT1 bonds

State Bank of India (SBI), India’s largest lender, announced that it has sold Rs. 4,000 crores of the Basel compliant Additional Tier 1 (AT1) bonds at a coupon of 7.74%.  This is the lowest pricing ever offered on such debt, issued by any bank since the country started implementing the stringent Basel II capital rules…