New Delhi, Sept. 9 -- State Bank of India (SBI) today announced the listing of its USD 500 million of 'Regulation S' bonds, recently issued at a coupon rate of 4.50 pc at NSE-IX in Gift City, said an official statement.
SBI's 'Regulation S' bonds are foreign currency bonds issued to non-US investors outside of the United States, exempt from US Securities and Exchange Commission (SEC) registration requirements under Regulation 'S' of the Securities Act of 1933.
The official statement said, "The bond is priced at a spread of 75 bps over the benchmark and is listing on SGX-ST and NSE-IX. The Notes carry 'BBB' and 'BBB-' from S&P and Fitch, respectively."'BBB' and 'BBB-' are credit ratings assigned by agencies like S&P and Fitch indicating a ...