Wednesday, February 23, 2011

SBI Bonds 2011: SBI Bond Issue, Lot Size, Open Date, Close Date


SBI Bonds 2011: SBI Bond Issue Opens: February 21, 2011
SBI Bonds 2011: SBI Bond Issue Close Date: February 28, 2011
SBI Bonds 2011: SBI Bond Issue Size: Rs 2,000 crore
SBI Bonds 2011: SBI Bond Issue Face value: Rs 10,000
SBI Bonds 2011: SBI Bond Issue Listing on: BSE, NSE

SBI Bonds 2011: SBI Bond Issue Application for Retailers:
Minimum lot size (1 Bond) : Rs 10,000
Maximum lot size (50 Bond) : Rs 5,00,000

SBI Bonds 2011: SBI Bond Issue Application for High Networth Individual:
Minimum lot size : Rs 5.1 Lakh
Maximum lot size : Rs 250 Crore

SBI Bonds 2011: SBI Bond Issue Return:
Retail applicants will get interest at the rate of 9.75% per annum on series 3 lower Tier II bonds and 9.95% in case of series 4 lower Tier II bonds. Non retail applicants will get 9.3% and 9.45%, respectively. There is no put option and step up coupon in both series of bonds. These are unsecured bonds.

SBI Bonds 2011: SBI Bond Issue Information:
Redemption date for series 3 bonds will be 10 years from the deemed date of allotment and 15 years for series 4 bonds. These Series Bonds are not redeemable at the option of the bondholders or without the prior consent of RBI, according to document.

More Information: Click Here

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