State Bank of India - Lower Tier II Bonds

State Bank of India - Lower Tier II Bonds

Public Issue of the Bonds aggregating to Rs. 5,000 million with an option to retain over subscription upto Rs. 5,000 million, aggregating to Rs. 10,000 million.

Salient Features of the Issue

Key Highlights of the Product
• Retail Application upto Rs. 5 lakhs with a 50% reservation for Retail
• HNI (application of >Rs. 5 lakhs) Reservation of 25%
• Attractive Coupon Rate of 9.25% for 10 year bond & 9.50% for 15 year bond
• Call option at the end of 5 years for the 10 year bond & 10 year call for the 15 year bond
• Step up coupon of 0.5% if the call option is not exercised
• No Lock-in period
• Allotment on a First Come First Serve Basis
• Allotment of bonds in Demat Form
• Bonds will be listed on NSE and will provide a platform for trading of the Bonds
• No TDS since the Bonds are listed and issued in dematerialized form

For further details contact us on the following numbers :

022 - 40156688/40156690/40156699.

Thanks,

Gaurav agarwal

Head Dealer

DENIP Consultants Pvt Ltd