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14.09.2016 04:36:00
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State Bank of India -- Moody's: State Bank of India's AT1 issuance sets pricing benchmark for other Indian banks
Singapore, September 14, 2016 -- Moody's Investors Service says that State Bank of India's (SBI, Baa3 positive, ba1) issuance of additional tier 1 (AT1), Basel III-compliance capital securities -- the first international issuance of such securities by an Indian bank -- will set a pricing benchmark for other issuers, and provide Indian banks with an alternative funding option.
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