SBI's mega tier II debt issue may boost fundraising via such notes: Bankers

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SBI's mega tier II debt issue may boost fundraising via such notes: Bankers - Business Standard

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On Wednesday, India's largest lender SBI raised Rs 7,500 crore ($894.1 million) through 15-year tier II bonds, with a 10-year call option at 7.

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Top insurance firms are looking to diversify investments into such papers, which are relatively safe and provide better returns than government bonds, a senior official from a large private insurance company said.