SBI to raise Rs 14,000 cr by issuing AT-1 bonds

According to SBI officials, the bank has decided to hit the market to replenish the capital outflow following the maturity of bonds worth Rs 9,000 crore during the current financial year. AT-1 bonds are debt instruments but are treated as tier-1 equity as they have the capacity to absorb losses of the bank. Although the bank is adequately capitalised with a capital to risk-weighted assets ratio of over 13%, it wants to have a buffer over what is stipulated.

from Markets-Economic Times https://ift.tt/3ja53OC