Monday, June 1, 2009

State Bank of Hyderabad raises 3.25 bln rupees via bonds

State Bank of Hyderabad, an associate of the country's largest lender, State Bank of India (SBI.BO: Quote, Profile, Research), on Saturday raised 3.25 billion rupees through the sale of upper Tier-II bonds, two sources with knowledge of the deal said.

The 15-year bonds carry a coupon rate of 8.39 percent, they added.

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