Oct 6, 2006
SBH raises Tier-II capital
State Bank of Hyderabad has issued bonds of Rs.550 crore
with a green shoe option of Rs.50 crore through private
placement. The tenure of the redeemable, unsecured ,
non-convertible subordinated bonds without any call option
is for 115 months and carry a coupon rate of 8.8% per anum.
Following this the CAR of the bank will be above 11 per cent.
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