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State Bank of India issues Rs. 40 billion bonds via private placement
By Wendy Van Sickle
Columbus, Ohio, Dec. 24 – State Bank of India issued Rs. 40 billion of 10-year 8.33% tier II bonds through a private placement, according to notice with the Bombay Stock Exchange.
The Basel III compliant bonds will be callable after five years.
State Bank of India is a Mumbai-based multinational, public sector banking and financial services company.
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