Country’s largest lender SBI on Thursday said it has raised Rs4,000 crore by issuing tier-II bonds on private placement basis under the Basel-III norms. “The bank on Dec 23, 2015 issued 40,000 Basel-III compliant tier-ll bonds in the nature of debentures of face value of Rs10,00,000 each at par with 10-year tenure, bearing 8.33 per cent per annum coupon and with call option after 5 years, aggregating to Rs4,000 crore on private placement basis,” SBI said in a filing to the BSE. However, State Bank of India did not elaborate on the usage of proceeds. The PSU lender on Monday had said it was planning to raise up to Rs12,000 crore by issuing tier-II bonds on private placement basis.