December 12, 2024 07:17 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Donald Trump vows to eliminate birthright citizenship after taking charge | No alliance with Congress in Delhi polls: AAP chief Arvind Kejriwal | Bengaluru techie's suicide: Atul Subhash's wife and her family booked | Bengaluru techie's suicide: Atul Subhash's wife and her family booked | INDIA bloc to knock on Supreme Court's doors over alleged EVM manipulation during Maharashtra polls | 'Babri Masjid should be rebuilt in Bengal's Murshidabad': TMC MLA Humayun Kabir sparks row | Rajnath Singh calls on Russian Prez Vladimir Putin in Moscow, discusses bilateral defence cooperation | Police to investigate conspiracy angle in Mumbai bus accident that killed 7 | Mamata Banerjee should lead INDIA bloc: Lalu Prasad Yadav | Opposition moves no-confidence motion against VP Jagdeep Dhankar in RS
The bond issues with 15 year tenors recieved overwhelming response.

SBI's fundraise touches Rs 50,000 cr via bonds so far in FY25

| @indiablooms | Nov 28, 2024, at 01:58 am

Mumbai: The State Bank of India (SBI) has raised a total of Rs 50,000 crore so far in the current financial year, with Rs 10,000 crore secured through its latest infrastructure bond issuance earlier this month.

In a statement, the country’s largest lender detailed its fundraising efforts, which include Rs 5,000 crore through Additional Tier 1 (AT1) bonds, Rs 15,000 crore through Tier 2 bonds, and Rs 30,000 crore through long-term bonds, all achieved at highly competitive rates.

These bond issues, with tenors of 15 years (except for the perpetual AT1 bonds), received an overwhelming response from investors, with oversubscription exceeding twice the base issue size, SBI said.

SBI Chairman C.S. Setty attributed this success to investor confidence in the bank, highlighting the wide participation and diversity of bids from provident funds, pension funds, insurance companies, mutual funds, and banks.

Last month, SBI also raised funds through AT1 bonds as part of its ongoing efforts to bolster its resources.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.