Page 2 - At1 Bonds

SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth

Bank intends to raise before Mar23 though approval is till 2024

BOI to raise up to Rs 2,500 cr in capital via AT1 bonds for biz growth

Lender's board to meet on November 4 to consider raising capital in one or more tranches

Canara Bank to raise Rs 3,000 cr in AT1, tier-II capital in H2FY23

The bank, which aims to keep capital adequacy at the 16% and above level, has already raised Rs 6,000 cr via these instruments in H1

We find some stress in restructured accounts, says UCO Bank MD & CEO

'Corporate demand is for both working capital and term loans'

AT-1 bond returns are attractive compared to FDs, but factor in the risks

Their spread over G-Secs of comparable maturity have also declined compared to historical averages

Two years after YES Bank fiasco, AT-1 bonds rekindle investor interest

HNI, insurance demand, better bank performance driving interest in instrument

Sebi imposes Rs 2 crore penalty on Rana Kapoor in AT1 bonds case

The AT1 bonds of Yes Bank were entirely written off as a part of a restructuring scheme

Bank of Maharashtra raises Rs 710 cr via Basel III Additional Tier 1 bonds

State-owned Bank of Maharashtra (BoM) on Wednesday said it has raised Rs 710 crore from bonds to fund business growth. The fund raised via Basel III compliant Additional Tier 1 (AT1) bonds of Rs 710 crore (including green shoe option of Rs 610 crore) is at a coupon rate of 8.74 per cent, the bank said in a statement. The issue garnered overwhelming response from investors with subscription of 10 times against base issue size of Rs 100 crore. The capital raised through the AT1 bonds will support the business growth of the bank. The AT1 instrument is perpetual in nature; with call option after 5 years.

HDFC Bank's Rs 3,000-crore AT1 bonds get FY23's best rate at 7.84%

Canara Bank plans Rs 1,500-2,000 cr AT1 sale; Axis Bank, too, mulls fundraise

HDFC Bank, SBI AT-1 rates set to influence pricing of other issuances

The bonds will have a call option from the fifth year onwards and are rated AA+ by CRISIL, CARE and India Ratings, sources said

SBI to raise up to Rs 7,000 cr via Basel-III AT1 bonds on Sept 11

Non convertible Taxable Perpetual Subordinated Unsecured Basel III compliant Additional Tier 1 Bonds in the nature of debentures of face value Rs 1 Crore each

BoB issues Rs 2,500 crore AT-1 bonds at 7.88%, cheaper than peers

Four PSU banks have raised Rs 7,800 crore AT-1 bonds so far in FY23 as credit demand booms

AT1 bond issuances likely to fall to around Rs 200 bn in FY2023: Icra

The additional tier 1 (AT1) bond issuances are likely to fall sequentially to around Rs 200 billion in FY2023, from an all-time high of nearly Rs 428 billion in FY2022

SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale

While SBI may opt for Rs 4,000-crore tier-II bond sale, Bank of Baroda looks to issue AT-1 bonds worth Rs 3,000-4000 crore in tranches

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds

IOB also likely to tap debt capital market, say sources, though quantum of fund-raising being planned isn't clear

PNB raises Rs 2,000 crore via AT1 capital bonds at lower rate of 8.75%

Gains from easing bond yields worldwide; better rate comes against indicative yield of 9-9.25%

IDBI Bank board okays rupee bond borrowing limit of Rs 8,000 cr for FY23

Stock of IDBI Bank closed 3.05 per cent down at Rs 42.85 apiece on BSE

Bank of Maharashtra raises Rs 290 crore via Basel III compliant bonds

The AT1 instrument is perpetual in nature with call option after five years, said the lender

Canara Bank raises Rs 1,000 crore in capital through AT1 bonds

Bond market sources said the interest in the paper by the Bengaluru-based lender was strong with a demand book size of 2.7 times