BI Bonds 2011, Retail Bond Issue, 20 Billion Rupees, SBI Bonds, SBI Bond - YReach.com

State Bank of India, the Country's biggest lender is predictable to launch the initial tranche of its 100 billion rupees ($ 2.2 billion) Retail Bond Issue on Monday.

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SBI Retail Bonds 2011

State Bank of India, the Country's biggest lender is predictable to launch the initial tranche of its 100 billion rupees ($ 2.2billion) Retail Bond Issue on Monday.

With respect to the term sheet, the first installment closes on February 28th. During this first installment, the bank plans to escalate to 20 billion rupees. The bonds offered by the Bank will be for 10 years for retail investors at 9.75% and for those who are not involved in the retail activities, the interest will be dispensed at 9.3%. Also, these bonds possess a call opportunity in the fifth year. Read more at www.yreach.com

 

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