Bank of India MTN Programme

My father said me to search for MTN Program of State Bank of India. So is there anyone who will help me to find information about MTN Program of State Bank of India?

The State Bank of India raised USD 500 million in forex debt in three-year dollar money as part of its medium term notes (MTN) programme in March 2017.

The RegS bond programme has been sold through its London branch and is priced at Libor plus 95 bps.

The notes will be traded on the Singapore Stock Exchange, the official added.

The bank has raised USD 4 billion out of its USD 10 billion MTN plan, including USD 400 million in perpetual bonds last year.

The bank is also in the process of raising Rs 15,000 crore directly from the market next fiscal year through a clutch of instruments, including QIP, preferential issue among others, for which it has secured shareholder approval.

Moody's has assigned a Baa3 rating to the US dollar denominated senior unsecured notes, issued under its USD10 billion MTN programme.

SBI represents 16.3 per cent of system loans and 17.6 per cent of deposits as on end-March 2016, and government owns 60.18 per cent in the bank.

Another agency S&P in a note assigned 'BBB-' long-term issue rating to the issue.

Fitch also assigned BBB-/stable) rating to the senior unsecured debt and said the instruments are rated at the same level as the bank's issuer default rating.

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