State Bank of India raises Rs. 3000 crores

State Bank of India has, on March 18, 2016 issued 30,000, 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% p.a. coupon payable annually and with call option after 5 years, aggregating to Rs.3000 crores (Rupees three thousand crores) on private placement basis.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.191.05 as compared to the previous close of Rs. 186.15. The total number of shares traded during the day was 2161579 in over 18273 trades.

The stock hit an intraday high of Rs. 192 and intraday low of 186. The net turnover during the day was Rs. 408488980.

Source : Equity Bulls

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