SBI raises ₹3,000 crore through tier-II bonds
The country’s largest lender State Bank of India (SBI) today said it raised ₹3,000 crore through tier-II bonds. SBI has priced its 10-year bonds at a yield of 8.45%. These bonds have a call option at the end of the fifth year under which the lender can call back its bonds from investors and repay them ahead of the tenure.