SBI raises Rs. 3974 crore

The Committee of Directors for Capital Raising at its meeting held today on 14.12.2021 accorded its approval to allot 3,974 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 7.55% p.a. payable annually, aggregating to Rs. 3,974 crore (Rupees Three Thousand Nine Hundred and Seventy Four Crore only), to Bond Subscribers on 14.12.2021.

Shares of State Bank of India was last trading in BSE at Rs. 488.55 as compared to the previous close of Rs. 487.65. The total number of shares traded during the day was 428009 in over 9594 trades.

The stock hit an intraday high of Rs. 490.25 and intraday low of 481.75. The net turnover during the day was Rs. 208118986.00.

Source : Equity Bulls

Keywords

StateBankofIndia INE062A01020 SBIN FundRaising BaselIICompliantBonds AT1Capital