Finance
Sock JohnsonSBI Flexes Financial Muscles with ₹6,051 Crore Bond!
Ladies and gentlemen, State Bank of India just flexed its financial muscles, raising a staggering Rs 6,051 crore with a fierce 7.05% coupon rate! This is a 10-year titan with a call option ready to unleash after five years. Investors came in like champions, doubling the bids and proving that SBI is the heavyweight champ of banking!
few days ago | BS Reporter
Quick rundown
1.SBI raises Rs 6,051 crore through Tier 2 bonds.
2.The coupon rate for the bonds is set at 7.05%.
3.The issue saw bids nearly double the base size.
4.Investors include provident funds, pension funds, and banks.
5.SBI's bond issue reflects strong investor trust.
Quick rundown
1.SBI raises Rs 6,051 crore through Tier 2 bonds.
2.The coupon rate for the bonds is set at 7.05%.
3.The issue saw bids nearly double the base size.
4.Investors include provident funds, pension funds, and banks.
5.SBI's bond issue reflects strong investor trust.