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SBI raises Rs 10,000 crore through Tier 2 bonds

SBI raises Rs 10,000 crore through Tier 2 bonds

Wed, Nov 01, 2023

The fund was raised through Basel III compliant Tier 2 Bonds carrying a coupon rate of 7.81 per cent. The bonds are issued for a tenor of 15 years, with the first call option after 10 years, SBI said in a statement.

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