SBI raises $1 billion

State Bank of India has concluded the issue of USD 1,000 Mio Fixed Rate Senior Unsecured Notes having a maturity of 5 years at a coupon of 4.50 percent payable semi-annually, under a Stand alone Bond Issue under Rule 144A/ Regulation-S of US Securities Exchange Commission (SEC), in the form of 144A/ Regulation-S Notes. The Bonds will be issued through our London branch as of July 27, 2010 and shall be listed on Singapore Stock Exchange.

The stock closed the day at Rs.2494.70, up by Rs.17.45 or 0.70%. The stock hit an intraday high of Rs.2504 and low of Rs.2460.

The total traded quantity was 3.75 lakhs compared to 2 week average of 2.73 lakhs.

Source : Equity Bulls

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