New Issue: State Bank of India prices $500 million three-year floaters at Libor plus 95 bps

By Christine Van Dusen

Atlanta, March 31 – State Bank of India priced $500 million three-year floating-rate notes at par to yield Libor plus 95 basis points, according to a company announcement.

Standard Chartered Bank was the bookrunner for the Regulation S deal.

Issuer:	State Bank of India
Amount:	$500 million
Maturity:	April 6, 2020
Description:	Floating-rate notes
Bookrunner:	Standard Chartered Bank
Coupon:	Libor plus 95 bps
Price:	Par
Yield:	Libor plus 95 bps
Change-of-control put:	At 101%
Trade date:	March 30
Settlement date:	April 6
Distribution:	Regulation S

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