Press Release on Tier 2 Bonds Issuance
PRESS RELEASE FOR TODAY TIER 2 BOND ISSUANCE State Bank of India (SBI), the country’s largest lender, has raised Rs. 4,000 crore Basel III compliant Tier 2 bonds on Wednesday, the 21 st September, 2022 at coupon rate of 7.57 per cent.
The issue attracted overwhelming response from investors with bids of Rs.
9,647 crores, and was oversubscribed by about 5 times against the base issue size of Rs. 2,000 crores.
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