2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PNB
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SBI
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HDFC
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BOB
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Detailed explanation-1: -State Bank of India (SBI) has raised Rs 3, 717 crore through its third Basel III compliant Additional Tier 1 bond issuance in the current financial year at coupon rate of 8.25 per cent.
Detailed explanation-2: -AT1 bonds are a means by which banks augment core equity capital. State-owned UCO Bank on Thursday sold additional tier-1 (AT1) bonds worth Rs 500 crore at a coupon rate of 9.5 per cent, the highest rate paid by any bank so far in the current financial year, sources told Business Standard.
Detailed explanation-3: -Investors in Credit Suisse’s riskiest bonds, known as additional tier 1 or AT1, are faced with a $17 billion wipeout, potentially pushing Europe’s $275 billion market for these bonds into turmoil, with a likely cascading impact across other geographies.