State Bank of India plans to sell up to Rs. 2 billion of debt

By Reshmi Basu

New York, June 8 - State Bank of India said it received approval from its executive board for its proposal to raise up to Rs. 2 billion of unsecured subordinated upper tier II bonds, which will be issued during the remaining part of year.

The issue will carry a tenor of more than 60 months and will be issued via a private placement, a structured deal or a book building process.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.