Chicago, Jan. 18 – State Bank of India, acting through its London Branch, sold $600 million of 5% senior notes due 2029 (BBB-), according to a pricing document.
The non-callable notes priced at 99.511.
BNP Paribas, HSBC Ltd., J.P. Morgan Securities plc, Merrill Lynch (Singapore) Pte. Ltd., MUFG Securities Asia Ltd. Singapore Branch and Standard Chartered Bank worked as bookrunners.
The Regulation S notes are listed in Singapore and on the India International Exchange Ltd.
The issuer is a Mumbai-based multinational public sector bank.
| Issuer: | State Bank of India
|
| Amount: | $600 million
|
| Issue: | Senior notes
|
| Maturity: | Jan. 17, 2029
|
| Bookrunners: | BNP Paribas, HSBC Ltd., J.P. Morgan Securities plc, Merrill Lynch (Singapore) Pte. Ltd., MUFG Securities Asia Ltd. Singapore Branch and Standard Chartered Bank
|
| Coupon: | 5%
|
| Price: | 99.511
|
| Call features: | Non-callable
|
| Change of control: | At 101
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 17
|
| Rating: | S&P: BBB-
|
| Distribution: | Regulation S
|
| ISIN: | XS2744125696
|
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