Investment19 Nov 2024, 09:55 pm
STATE BANK OF INDIA Raises Rs. 10,000 Crore Through 15-Year Non-convertible Bonds
AI Summary
The State Bank of India (SBI) has successfully raised Rs. 10,000 crore through the issuance of Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Long-Term Bonds in the nature of debentures. The bonds, with a face value of Rs. 1 lakh each, carry a coupon of 7.23% and will be listed on BSE Limited and National Stock Exchange of India Limited. The bonds, totaling 10,00,000 in number, were opened and closed on 18.11.2024, with allotment and redemption dates set for 19.11.2024 and 19.11.2039, respectively. Interest will be paid annually on the 19th of November until redemption.
Key Highlights
- SBI raises Rs. 10,000 crore through 15-year non-convertible bonds
- Bonds carry a coupon of 7.23% and are unsecured
- To be listed on BSE Limited and National Stock Exchange of India Limited
- Interest payments to be made annually on 19th November
- 10,00,000 bonds of face value Rs. 1 lakh each issued