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The tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of its depositors. LVB had reported about ₹3,000 crore in accumulated losses, one-fourth of its loan book had turned sour, and tier-1 capital had turned negative. ....
The state-owned bank s bond issue is likely to have a base size of ₹500 crore and a greenshoe option of ₹1,000 crore, with bidding for the sale expected to take place on August 29, sources said. The bonds are likely to be of 10-year maturity. ....
The SBI will come out with all three types - AT-1 bonds, infrastructure bonds, and tier-2 bonds, the report said citing sources. "The issuances will be healthy, based on the initial assessments of credit growth and demand." ....