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SBI raises $1 b from U.S. market through bond issues!!

By on 23/7/2010 in Economy

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  • State Bank of India has raised $1 billion (about Rs.4,700 crore) through bonds from the U.S. market. The bond issue was oversubscribed 4.8 times.
  • The U.S.-based investors received 55 per cent of the allocation while Asian investors got 28 per cent and the balance 17 per cent was accounted for by European investors.
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