India’s Largest Lender Prices Riskiest Bond at Record-Low Cost
Customers enter a State Bank of India Bank branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India’s Largest Lender Prices Riskiest Bond at Record-Low Cost

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(Bloomberg) -- State Bank of India priced one of the riskiest bank capital securities at a record-low coupon, in the latest sign that investors are confident policy makers’ stimulus steps will help...
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