SBI has till date issued AT1 bonds worth Rs 5,000 crore, Tier 2 bonds worth Rs 15,000 crore and long-term bonds worth Rs 30,000 crore at very competitive rates during FY25.
SBI last month mobilized the fund through additional Tier 1 bonds.
With raising Rs 10,000 crore from infra bonds, SBI’s total fund raising has reached Rs 50,000 crore so far during the current financial year. The country’s largest lender State Bank of India raised Rs 10,000 crore through its seventh infrastructure bond issue earlier this month.
SBI said in a statement that the bank has so far acquired AT1 bonds worth Rs 5,000 crore, Tier 2 bonds worth Rs 15,000 crore and long-term bonds worth Rs 30,000 crore during FY25 at a very competitive rate.
All these issues have attracted strong response from investors and have been subscribed more than 2 times compared to the respective underlying issue size, it said.
SBI Chairman CS Sethi said the wider participation and variety of bids reflected investor confidence in the country’s largest bank.
He said the investors were in provident funds, pension funds, insurance companies, mutual funds, banks etc.
These bonds have a tenure of 15 years except AT1 bonds which are perpetual.
Last month, SBI mobilized the fund through additional Tier 1 bonds.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed. PTI)