SBI to issue yen-denominated bonds on April 8
Country's largest lender State Bank of India will issue a five year yen-denominated bonds worth Rs 468 crore on April 8.
By PTI |
MUMBAI: Country's largest lender State Bank of India will issue a five year yen-denominated bonds worth Rs 468 crore on April 8.
The bonds will carry a coupon rate of 3.36 per cent, the bank said in a filing with the Bombay Stock Exchange.
Meanwhile, rating agency Moody's has assigned 'Baa2' rating to the bank's Ringgit-denominated bonds, which means these bonds are of medium investment grade quality. Ringgit is the currency of Malaysia.
This debt issuance is rated at the Indian foreign currency debt ceiling of Baa2, which acts as a constraining factor for the ratings of the bank's most senior foreign currency debt obligations, Moody's said in a release.
The bonds will carry a coupon rate of 3.36 per cent, the bank said in a filing with the Bombay Stock Exchange.
Meanwhile, rating agency Moody's has assigned 'Baa2' rating to the bank's Ringgit-denominated bonds, which means these bonds are of medium investment grade quality. Ringgit is the currency of Malaysia.
This debt issuance is rated at the Indian foreign currency debt ceiling of Baa2, which acts as a constraining factor for the ratings of the bank's most senior foreign currency debt obligations, Moody's said in a release.
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