Firm Matters
BackKhaitan & Co advised State Bank of India as the issuer counsel for the issuance of non-convertible, taxable, redeemable, subordinated, unsecured, fully paid-up BASEL III compliant Tier 2 Bonds in the nature of debentures by State Bank of India with a base issue of INR 5000 crores and a green shoe option of INR 2500 crores, aggregating to INR 7500 crores on private placement basis.
This was the first domestic bond issuance by a public sector bank in India, in the current financial year.
Deal Team
The core team consisted of Manisha Shroff (Partner), Nikunj Mehta (Senior Associate), Charul Lunia (Associate) and Rishabh Kumar (Associate).
The deal team included Thomas George (Partner), Suman Prabhu (Partner), Jash Botadra (Associate), Varun Nair (Associate) and Anand Sivasankaran (Associate), Shishir Mani Tripathi (Associate) and Anveeksha Anand (Associate).
