(Bloomberg) -- State Bank of India, the country's
biggest bank, hired Citigroup Inc. and JPMorgan Chase & Co. for
a $225 million debt sale, according to an e-mail sent to
investors.
Funds raised will be part of the bank's tier-1 capital, the
e-mail said. Tier-1 capital measures banks' financial strength
and consists of capital that is the most reliable and liquid,
such as common stock and preferred stock.
Read more at Bloomberg Bonds News
biggest bank, hired Citigroup Inc. and JPMorgan Chase & Co. for
a $225 million debt sale, according to an e-mail sent to
investors.
Funds raised will be part of the bank's tier-1 capital, the
e-mail said. Tier-1 capital measures banks' financial strength
and consists of capital that is the most reliable and liquid,
such as common stock and preferred stock.
Read more at Bloomberg Bonds News
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