By Wendy Van Sickle
Columbus, Ohio, March 18 – State Bank of India issued Rs. 30 billion of 10-year 8.45% 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.
| Issuer: | State Bank of India
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| Issue: | Tier II bonds
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| Amount: | Rs. 30 billion
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| Tenor: | 10 years
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| Coupon: | 8.45%
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| Settlement date: | March 18
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