SBI concludes $50 million issue

State Bank of India (SBI) has announced that the Bank has concluded an issue of USD 50 Million Senior Debt, Fixed Rate Bonds, having a maturity of 3 years at a coupon of 3.25% p.a. payable annually under the MTN Programme. The bonds will be issued as of April 30, 2010.

The stock closed the day at Rs.2297.95, up by Rs.23.50 or 1.03%. The stock hit an intraday high of Rs.2318.80 and low of Rs.2274.45.

The total traded quantity was 514839 compared to 2 week average of 597106.

Source : Equity Bulls

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