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Prospect News home > News index > List of issuers S > Headlines for State Bank of India > News item
Published on 12/16/2008 in the Prospect News Emerging Markets Daily.

State Bank of India plans to issue up to Rs. 180 billion bonds

By Susanna Moon

Chicago, Dec. 16 - State Bank of India informed the Bombay Stock Exchange that it plans to raise up to Rs. 180 billion of securities.

The bank said it will issue unsecured innovative perpetual debt instruments, upper tier II and lower tier II subordinated debt from time to time from 2008 to 2009 and 2009 to 2010.

The minimum maturity will be more than 60 months.

State Bank of India is a New Delhi-based state-run bank.


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