SBI Non- Convertible Debenture Issue opens on October 18, 2010

Debenture certificate of Sears, Roebuck and Co...

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State Bank of India  proposes to issue Lower Tier II Bonds of Face Value Rs 10,000 aggregating to Rs 5,000 million an option to an over subscription of Rs 5,000 million. Offer period is October 18, 2010 to October 25, 2010.


Series 1 Lower Tier II

Series 2 Lower Tier II Bonds
Maturity 120months 180months
Coupon 9.25% 9.5%
Frequency Annual Annual

After 5 Yrs &
1 day

After 10 Yrs &
1 day

Step-Up 0.5% 0.5%


Rating : “AAA” by care and “AAA / Stable” By Crisil


Retail Portion ( Investment upto Rs 5 lacs ) : 50% of the Issue Size
HNI Portion ( Investment greater than Rs 5 lacs ): 25% of the Issue Size
NII / Corporate / QIBs : 25% of the Issue Size

Allotment in each of the categories on a “first come first serve basis”

Interest on Application Money

Allotment : Coupon rate
On refund to Allottees : 6% pa
On refund to Non-Allottees : 4%pa

Rates are attractive and HNI investor would be happy to invest in this instrument. We expect the issue will over subscribe on 1st day itself.

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Source : Money Honey Financial Services Pvt. Ltd. 1st Floor, Nahar Singh Industrial Building, Opp Movie Star Cinema, Ram Mandir Road, Goregaon (W), Mumbai - 400104.Tel.: 022 - 26775869 Mob : 9702425694 / 9702425692. Email :


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