Rs 10,000 each and 47,65,918 Series 4 Lower Tier-II Bonds of face value Rs 10,000 to the eligible applicants. The bank thus managed to raise Rs 5,496.9 crore, as in all 54,96,996 applicants received bonds worth Rs 10,000 each.
The issue, which had opened on February 21 and closed on February 28 attracted many investors because of its competitive coupon rate and the timing. This issue is part of the Rs 10,000-crore retail bond programme SBI has planned for FY11 through FY12.
The bank had raised Rs 1,000 crore through the retail bonds in the first tranche, issued in October, 2010, which was oversubscribed 19 times. That was the first retail bond offering in the country by any bank.
State Bank of India (SBI) posted a marginal increase of 14.07% in its net profit for the quarter ended December 31, 2010 at Rs 2828.06 crore where as the same was at Rs 2479.05 crore for the quarter ended December 31, 2009.
No comments:
Post a Comment