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State Bank of India to raise 80B rupees via debt issue
Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them
Street Talk Episode 66 - Community banks tap the debt markets while the getting is good
Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund
Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory
State Bank of India aims to raise up to 80 billion rupees of Additional Tier 1 capital through March 31, 2018.
The bank said Dec. 27 that its board approved to raise the capital by issuing Basel III-compliant debt instruments, including masala bonds, or Indian rupee-denominated bonds issued outside India.
As of Dec. 27, US$1 was equivalent to 64.16 Indian rupees.