State Bank of India concludes Issue of Notes

On September 14, 2016, State Bank of India has concluded the issue of USD 300 Mio AT1 Basel III Compliant Non-convertible, Perpetual non call 5 year Subordinated, Unsecured note/bonds (the "Notes") at a coupon 5.5 percent payable semi-annually, under Bank's US$ 10 Bn. RegS MTN Programme. The Notes will be issued through Bank's Dubai International Financial Centre Branch on September 22, 2016 and will be listed on Singapore Stock Exchange.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.257.6 as compared to the previous close of Rs. 252.7. The total number of shares traded during the day was 964097 in over 8470 trades.

The stock hit an intraday high of Rs. 258 and intraday low of 253.15. The net turnover during the day was Rs. 246894624.

Source : Equity Bulls

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