AT1 papers come with a five-year call option. Accordingly, the difference with the five-year government bonds came around 59 basis points annualised. The matrix was as much as 159 basis points last time in December, 2021 when SBI had sold perpetual papers yielding 7.55%.
Emkay initiated coverage on Dabur India and InCred also initiated coverage on the EMS industry.
The IPO of Vaibhav Jewellers was fully subscribed on the last day of the bidding process. The overall subscription stood at 2.25 times at close.
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