State Bank of India (SBI) raised ₹7,500 crore on Friday at a coupon rate of 6.93 per cent through Basel III compliant Tier 2 bond issuance. The bond issuance, which is for a tenor of 10 years, with call option after 5 years and each anniversary dates thereafter, is its first for the current financial year. India’s largest bank, in a statement, noted that the issue attracted a strong response from investors’, with bids approximately 3 times against the base issue size of ₹5,000 crore. “The total number of ...