Khaitan & Co Advised State Bank Of India On Issuance Of BASEL III Compliant Tier 2 Bonds

Khaitan & Co advised State Bank of India on Issuance of BASEL III Compliant Tier 2 Bonds

The leading law firm in India, Khaitan & Co advised State Bank of India as the issuer counsel for the issuance of non-convertible, taxable, redeemable, subordinated, unsecured, fully paid-up BASEL III compliant Tier 2 Bonds in the nature of debentures by State Bank of India, with a base issue of INR 5,000 crores and a green shoe option of INR 2,500 crores, aggregating to INR 7,500 crores on a private placement basis.

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

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

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