SBI, BoM raise over Rs 7,500 cr via AT1 bonds to fund loan demand

September 8, 2022

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%.

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