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The largest public sector bank<\/a>\u2019s board had earlier approved a proposal to raise capital for FY21 via tier-II, AT1<\/a> and equity instruments. It issued a total of Rs 10000 crore by keeping Rs 2000 crore as base issue size.<\/p>\n The AAA rated tier-II bonds have a call option at the end of 10 years and it will continue for every year. The issuance is being managed by subsidiary SBI Capital Markets<\/a>. <\/p>\n The data compiled by Bloomberg indicates that the coupon rate of 6.8% is the lowest pricing on a debt issued by any lender till now, specifically since the country started imposing strict capital norms in 2013.<\/p>\n Last month, the lender reduced its target for loan growth to 8%, where it was 10% earlier, with a view to be more cautious in accelerating its credit.<\/p>\n SBI in the first quarter of the fiscal announced a net profit of Rs 4189 crore, during which corporate advances declined and retail disbursements grew marginally. In the fiscal, SBI\u2019s CASA deposits on a yearly basis also grew whilst accounts under moratorium by value fell to 9.5% from 23% in the previous quarter.<\/p>\n<\/div>\n