SBI bond issues to mop up Rs 10,000 cr this, next year

SBI bond issues to mop up Rs 10,000 cr this, next year

The maiden bond issue required investors to invest a minimum of Rs 10,000 and in multiples thereof. If the bank does not exercise call option (five years in the case of Series-I bonds and 10 years in the case of Series-II bonds), the bank will step up coupon by 50 basis points.

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