STATE BANK OF INDIA - Updates

With reference to the earlier letter dated March 18, 2016, State Bank of India has now informed BSE that the Bank has on March 21, 2016 issued 5,000, Basel III compliant, Tier-ll bonds in the nature of debentures, of face value of Rs. 10,00,000/- each at par, with 10 year tenure, bearing 8.45% p.a. coupon payable annually and with call option after 5 years, aggregating to Rs. 500 crores (Rupees Five hundred crores) on private placement basis.