SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%

Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore

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1 min read Last Updated : Sep 21 2022 | 9:22 PM IST

The country’s largest lender, State Bank of India, announced on Wednesday that it has raised an amount of Rs 4,000 crore through tier-2 bonds at a cutoff rate of 7.57

Topics : State Bank of India YONO SBI bonds Additional Tier 1 bond Tier II - III Tier I bonds bank bonds Fundraising sbi Bond markets Banking sector India bond

First Published: Sep 21 2022 | 9:22 PM IST

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SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%

Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore

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