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Stock Report
SBI to raise US$ 5 billion
Posted On : 2007-03-23 08:57:00( TIMEZONE : IST )
State Bank of India (SBI) has announced that Bank's MTN programme for USD 1 Billion that was set up by the Bank in November 2004, was upsized to USD 2 billion in August 2005. The programme was updated and it's scope enlarged to include raising of funds for Capital purposes (Upper Tier-II and Hybrid Tier-I) and for the inclusion of Nassau or other Foreign Offices including London for the purpose of issuance of Notes in October 2006. The programme has now been upsized to USD 5 billion and is listed at Singapore Stock Exchange.
