Wednesday, October 20, 2010

SBI Bond Issue Subscribed 17 Times

SBI's Rs 1,000-crore bond issue was subscribed 17 times. The closing date of the bond issue is October 25 but the response on the first day of the subscription from the investors were found good. SBI may close sale well ahead of schedule date. Retail Investors oversubcribed 6.4 times. SBI bond will offer an interest of 9.25% for 10 years and 9.5% for 15 years.