State Bank of India — QIP/Rights/Pref., 19-11-2024: Allotment of Securities

The Bank has raised Rs. 10,000 Cr through the issuance of 10,00,000 Non-convertible, Taxable, Redeemable, Unsecured Long-Term Bonds, each with a face value of Rs. 1 lakh, at a coupon rate of 7.23%. The issuance, which opened and closed on the same day, is set for allotment on 19.11.2024, with a tenure of 15 years ending on 19.11.2039. Interest payments will be made annually, with plans for the bonds to be listed on BSE and NSE. The proceeds are expected to strengthen the Bank's capital structure.