The Hindu Business Line : SBI to raise Rs 500 cr thru bonds

State Bank of India (SBI) has announced that it would be raising Rs 500 crore through an issue of bonds. The bank informed the Bombay Stock Exchange that the Executive Committee of the SBI central board had approved the raising of unsecured and rated rupee subordinated upper tier II debt bonds of Rs 500 crore. The bonds would be issued with a green shoe option to retain over subscription, with a maturity of over 60 months, by private placement or book building process. The timing of the issue is to be decided by the Chairman of SBI.

More Stories on : Corporate Bonds | Public Sector Banks | State Bank of India

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Max New York opens M 'lore branch

IRDA for 20 pc cap on motor premium changes

RBI to promote retail trade in g-secs

SBI to raise Rs 500 cr thru bonds

Fed fund rate hike makes ECBs dearer

BoI to grow corporate credit portfolio by 25 pc

FMs in contrast

Unclaimed dividend: Panel pitches for bonafide shareholders

Sitaramam takes over as MD of SBT