Finance
DeluluSBI Flexes Hard: Rs 6,051 Crore Bond Raise Shakes Investors
Okay, fam, listen up! SBI just pulled a major money move, snagging a whopping Rs 6,051 crore at a chill 7.05% interest rate. These Tier 2 bonds are locked in for 10 years, with a five-year escape hatch. Investors are totally vibing, doubling their bids like it’s a viral challenge. C S Setty is out here flexing that trust in the biggest bank around!
few days ago | BS Reporter
Quick rundown
1.SBI raises Rs 6,051 crore through Tier 2 bonds.
2.The coupon rate for the bonds is set at 7.05%.
3.The issue saw bids nearly double the base size.
4.Investors include provident funds, pension funds, and banks.
5.SBI's bond issue reflects strong investor trust.
