Manisha Shroff 
Dealstreet

Khaitan & Co advised SBI on ₹7,500 crore bond issuance

This was the first domestic bond issuance by a public sector bank in India, in the current financial year.

Bar & Bench

State Bank of India has issued non-convertible, taxable, redeemable, subordinated, unsecured, fully paid-up BASEL III compliant Tier 2 Bonds in the nature of debentures with a base issue of ₹5,000 crore and a green shoe option of ₹2,500 crore, aggregating to ₹7,500 crore on private placement basis.

Khaitan & Co advised State Bank of India as the issuer counsel.

The transaction team consisted of Manisha Shroff (Partner), Nikunj Mehta (Senior Associate), Charul Lunia (Associate) and Rishabh Kumar (Associate).

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