Executive Committee of the Central Board of the State Bank of India, in its meeting held on January 02, 2014, has accorded its approval for allotment of Basel III compliant Tier 2 bonds of INR 20,000 million, issued for 120 months (10 year bullet), at an annually payable coupon of 9.69%, by way of private placement.
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- State Bank of India Approves Allotment of Basel Iii Compliant Tier 2 Bonds by Way of Private Placement