SBI to raise Rs 4,000 cr via perpetual bonds – Economic Times

SBI to raise Rs 4,000 cr via perpetual bonds – Economic Times

MUMBAI: The State Bank of India (SBI) is raising up to Rs 4,000 crore in perpetual bonds in a sale that may well be a litmus test for such securities after Yes Bank, under replaced leadership, fails to repay its bondholders.

SBI may offer interest in a range of 7.40 to 7.5% for quasi-equity securities likely to be the subject of an offer on Monday. The show would have at least a five-year…

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