SBI has issued additional tier-1 (AT1) bonds worth a total of Rs 6,872 crore at a cut-off of how many %?

• A. 6.83%
• B. 7.75%
• C. 9.65%
• D. 4.5%

Answer: (B)

SBI has issued additional tier-1 (AT1) bonds worth a total of Rs. 6,872 crores at a cut-off of 7.75 per cent, the lowest rate set for such debt issuances by any bank so far in the current financial year.