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    Question

    How much capital did State Bank of India raise through

    its 15-year infrastructure bonds, and at what interest rate were these bonds priced?
    A Rs 7,540 crore at 10% Correct Answer Incorrect Answer
    B Rs 10,000 crore at 7.54% Correct Answer Incorrect Answer
    C Rs 15,000 crore at 7.54% Correct Answer Incorrect Answer
    D Rs 10,000 crore at 15% Correct Answer Incorrect Answer
    E Rs 7,540 crore at 7.54% Correct Answer Incorrect Answer

    Solution

    State Bank of India raised Rs 10,000 crore through its 15-year infrastructure bonds, which were priced at an interest rate of 7.54 percent. This issuance of bonds is a mechanism through which the bank raises capital by offering these bonds to investors, and the bank agrees to pay interest at the specified rate to the bondholders over the 15-year tenure of the bonds.

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