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State Bank of India ups medium-term note program to $5 billion
By Laura Lutz
Des Moines, March 23 - State Bank of India increased the size of its medium-term note program to $5 billion.
The program was set by the bank at $1 billion in November 2004 and was upsized to $2 billion in August 2005. It is listed at the Singapore Stock Exchange.
In October 2006, the company updated the program to include raising of funds for capital purposes, including upper tier I and hybrid tier I notes, and to allow notes under the program to be issued through London, Nassau, Bermuda, or other foreign offices, according to a bank news release.
State Bank of India is a New Delhi, India-based state-run bank.
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