SBI allots 25000 debentures

SBI allots 25000 debenturesOn September 27, 2016 State Bank of India has issued and allotted 25,000 AT1 Basel III compliant Non- convertible, Perpetual, Subordinated, Unsecured Debt instrument in the nature of debenture, of face value Rs. 10,00,000/- each at par through private placement bearing coupon @ 8.75% p.a. payable annually with call option after 5 years or any coupon payment date thereafter aggregating to Rs.2,500 crore (Rupees two thousand five hundred crore) in second tranche.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.248.95 as compared to the previous close of Rs. 251.65. The total number of shares traded during the day was 1840643 in over 11040 trades.

The stock hit an intraday high of Rs. 253.95 and intraday low of 248.3. The net turnover during the day was Rs. 461252212.

Source : Equity Bulls

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