AT1 bonds

SBI, BoM raise over Rs 7,500 cr via AT1 bonds to fund loan demand

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SBI, BoM raise over Rs 7,500 cr via AT1 bonds to fund loan demand

Mumbai: and the Bank of Maharashtra together raised ₹7,582 crore in perpetual bond sales, equipping themselves to meet higher loan demand as recovery gathers steam. While the country’s largest lender raised ₹6,872 crore offering 7.75%, the Pune-based lender raised ₹710 crore offering 8.74%. Bond sales were up for bidding Wednesday. Private banks including , and … Read more

SBI set to raise up to Rs 6,000 cr via local AT1 next week

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SBI set to raise up to Rs 6,000 cr via local AT1 next week

MUMBAI: (SBI) is rushing to raise funds before the interest rate cycle turns following the Reserve Bank of India’s expected liquidity normalisation measures. India’s largest lender is set to sell Additional Tier 1 bonds worth up to Rs 6,000 crore, which are expected to open for subscription during Navratri festival next week, said three people … Read more