Friday, December 31, 2010

SEBI NEWS - SBI TO RAISE RS 10,000CR THROUGH RETAIL BONDS

The country's biggest and largest bank is planning to raise Rs 10,000cr through retail bonds. The issue has been cleared by the regulator.

5 comments:

  1. Should SBI be purchased at CMP for gains.. Will it go down after the issue from CMP of 2772/- or give gains? Thanking in advance...

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  2. Buy SBI at current level. Bond issue has nothing to do with stock market liquidity of the shares.

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  3. About a decade ago, SBI floated Bonds fixing rate of interest at 3 percent above the then prevailing SBI's 3-years FD rate.

    Let us hope that SBI will issue new Retail Bonds similar way this time also.

    If it does, it will give lot of relief of Retail Investors for IPOs who are presently disgusted with SEBI's action in doubling IPO maximum amount to Rs 2 lacs and attempting alternate modes of investment

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  4. Few months back SBI launched the Long term Bonds with cupon rate of 9.25 PA for 10 yrs and 9.50 PA for 15 years with liquidity option of Exchange trading.

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