SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale

While SBI may opt for Rs 4,000-crore tier-II bond sale, Bank of Baroda looks to issue AT-1 bonds worth Rs 3,000-4000 crore in tranches


SBI’s board had approved fundraising of up to Rs 11,000 crore of funds through AT-1 and tier-II bonds to meet regulatory requirements and support business growth

Bhaskar Dutta Mumbai
Country’s largest lender State Bank of India may look to raise funds worth Rs 4,000 crore through issuance of tier-II bonds once it completes its planned sale of Rs 7,000 crore worth of additional tier-I (AT-1) bonds at the end of this month, sources said.

Another state-owned lender, Bank of Baroda, is also likely to issue AT-1 bonds, either at the end of August or in September, the sources said.

Bank of Baroda is looking to sell such bonds worth a total of Rs 3,000-4000 crore through multiple tranches.

First Published: Aug 10 2022 | 7:18 PM IST

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