State Bank of India 
Dealstreet

Khaitan & Co acts on Issuance of BASEL III compliant Tier 2 bonds by State Bank of India

The Issue aggregates to ₹10,000 crore.

Bar & Bench

State Bank of India has made an issuance of non-convertible, taxable, redeemable, subordinated, unsecured, fully paid-up BASEL III compliant Tier 2 Bonds in the nature of debentures with base issue of ₹4,000 crore and a green shoe option to retain oversubscription up to ₹6,000 crore, on private placement basis, for an amount aggregating to ₹10,000 crore.

Khaitan & Co advised State Bank of India on this issuance of bonds.

The core team consisted of Manisha Shroff (Partner), Mohit Nad (Principal Associate), Aparna Arya (Associate), Nikunj Mehta (Associate) and Chhavishree Somani (Associate).

Manisha Shroff

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