Additional Tier 1 bonds Current Affairs, GK & News

What are AT1 bonds?

India’s largest lender State Bank of India (SBI) announced on September 3, 2021 that it has raised Rs 4,000 crore through additional Tier 1 (AT1) bonds. Key Points AT1 bonds were raised at a coupon rate of 7.72%. It the first such issuance in domestic market after the Securities and Exchange Board of India (SEBI) ..

Month: 

Category: 

Topics: 

SEBI relaxes Valuation Norms for AT-1 Bonds

The Securities and Exchange Board of India (SEBI) relaxed the norms for valuing perpetual bonds on March 22, 2021 after the finance ministry opposed the norms which proposed to value banks deemed residual maturity of Basel III additional tier 1 (AT1) bonds as 100-year debt. Highlights The statement released by the SEBI highlighted that the ..

Month: 

Category: 

Topics: