National Bank of India (SBI) plans to raise to Rs 7,000 crore, including Rs 5,000 crore in greenshoe through Basel-III supplementary Tier-I bonds,
market said participants.
Bidding on the bonds will take place on Wednesdays between 11 a.m. and 12 noon
Non Convertible Taxable Eternal Subordinated Unsecured Basel III Compliant Additional Tier 1 Bonds in the form of bonds with a denomination of Rs 1 Crore each.
AT1 Bonds are a type of perpetual bonds with no maturity date that are issued to raise capital over the long term.
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