Indian AT1 capital raising gets off to poor start

The country's largest commercial bank ends up having to cut the size of the sector's debut dollar-denominated AT1 deal after investors steer clear.
September 15, 2016

State Bank of India completed the country’s first US dollar-denominated Additional Tier 1 capital (AT1) deal on Wednesday, paving the way for other lenders to follow suit in a country where bad loans are piling up.

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