SBI to allot debt instruments for Rs. 4000 crores

The Committee of Directors for Capital Raising at its meeting held today on 03.09.2021 accorded its approval to allot 4,000 Basel III compliant Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures qualifying as AT 1 Capital of the Bank, of face value of Rs. 1 crore each, at par, bearing a coupon of 7.72% p.a. payable annually, aggregating to Rs. 4,000 crores (Rupees Four Thousand Crore only), to Bond Subscribers on 03.09.2021.

Shares of State Bank Of India, was last trading in BSE at Rs. 431.4 as compared to the previous close of Rs. 429.65. The total number of shares traded during the day was 570467 in over 7205 trades.

The stock hit an intraday high of Rs. 434.2 and intraday low of 428.3. The net turnover during the day was Rs. 245989882.

Source : Equity Bulls

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