SBI raises Rs. 8931 crore

The Committee of Directors of State Bank of India for Capital Raising at its meeting held today accorded its approval to allot 89,310 Basel III compliant Non-convertible, Taxable, Redeemable subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures qualifying as Tier 2 Capital of the Bank, of face value of Rs 10.00 lakhs each at par bearing a coupon of 6.80% p.a. payable annually for a tenor of 15 years with a call option after 10 years or any anniversary date thereafter aggregating to Rs 8931 crores (Rupees Eight thousand nine hundred thirty one crores only) to Bond Subscribers on 21.08.2020.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.194.7 as compared to the previous close of Rs. 197.1. The total number of shares traded during the day was 2750996 in over 20906 trades.

The stock hit an intraday high of Rs. 196.3 and intraday low of 193. The net turnover during the day was Rs. 536412159.

Source : Equity Bulls

Keywords