SBI has issued additional tier-1 (AT1) bonds worth a total of Rs 6,872 crore at a cut-off of how many %?

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asked Oct 3, 2022 in General Knowledge by mia2023 (289k points)

SBI has issued additional tier-1 (AT1) bonds worth a total of Rs 6,872 crore at a cut-off of how many %?

A. 4.5%
B. 7.75%
C. 6.83%
D. 9.65%

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answered Oct 3, 2022 by mia2023 (289k points)

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Answer: Option B

Explanation:

SBI has issued additional tier-1 (AT1) bonds worth a total of Rs. 6,872 crores at a cut-off of 7.75 per cent, the lowest rate set for such debt issuances by any bank so far in the current financial year.

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SBI has issued additional tier-1 (AT1) bonds worth a total of Rs 6,872 crore at a cut-off of how many %?

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