State Bank of India has announced that the Bank has on March 21, 2016 issued 5,000, Basel III compliant, Tier-ll bonds in the nature of debentures.
State Bank of India has announced that the Bank has on March 21, 2016 issued 5,000, Basel III compliant, Tier-ll bonds in the nature of debentures, of face value of Rs. 10,00,000/- each at par, with 10 year tenure, bearing 8.45% p.a. coupon payable annually and with call option after 5 years, aggregating to Rs. 500 crore (Rupees Five hundred crores) on private placement basis.
State Bank of India has announced that the Bank has on March 21, 2016 issued 5,000, Basel III compliant, Tier-ll bonds in the nature of debentures, of face value of Rs. 10,00,000/- each at par, with 10 year tenure, bearing 8.45% p.a. coupon payable annually and with call option after 5 years, aggregating to Rs. 500 crore (Rupees Five hundred crores) on private placement basis.
State Bank of India is currently trading at Rs. 196.25, down by Rs. 0.4 or 0.2% from its previous closing of Rs. 196.65 on the BSE.
The scrip opened at Rs. 197.7 and has touched a high and low of Rs. 197.7 and Rs. 195.1 respectively. So far 6583708(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 152655.01 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 305 on 22-May-2015 and a 52 week low of Rs. 148.3 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 197.15 and Rs. 181.65 respectively.
The promoters holding in the company stood at 60.18 % while Institutions and Non-Institutions held 28.55 % and 9.32 % respectively.
The stock is currently trading below its 200 DMA.
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