State Bank of India (SBI) on Wednesday said it has raised Rs 7,500 crore through issuance of Basel III-compliant Tier 2 bonds to qualified institutional bidders.
In a regulatory filing, SBI said the issue attracted overwhelming response from investors with bids in excess of 3 times against the base issue size of Rs 4,000 crore.
"The investors were across provident funds, pension funds, mutual funds, banks etc," SBI said.
SBI Chairman C S Setty said the wider participation and heterogeneity of bids... Читать дальше...