SBI fundraise touches Rs 50,000 crore in FY25

2 hours ago 1

With the raising of Rs 10,000 crore from infra bonds, SBI's full fundraise has touched Rs 50,000 crore truthful acold during the existent fiscal year.

The country's biggest lender State Bank of India earlier this period had raised Rs 10,000 crore done its seventh infrastructure enslaved issuance.

The slope garnered Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till day during FY25 astatine a precise competitory rate, SBI said successful a statement.

All these issues person attracted overwhelming responses from investors and were oversubscribed by much than 2 times against the respective basal contented size, it said.

SBI Chairman CS Setty said that wider information and heterogeneity of bids demonstrated the spot investors spot successful the country's largest bank.

The investors were crossed provident funds, pension funds, security companies, communal funds, banks etc, it said. These bonds are of 15 years tenor but for the AT1 Bonds which is perpetual.

Last month, SBI mobilised money via Additional Tier 1 bonds.

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