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State Bank of India has raised 750 million euros through global capital markets to fund euro-denominated assets. This was the first euro-bond offering by the country’s largest lender. The bonds maturing in 2015 carry a fixed annual coupon of 4.50 per cent. The bank has tapped the euro bond as part of the policy of diversifying its debt capital markets profile. The bond offering was done under its $5-billion Medium Term Note (MTN) Programme. The bank has issued bonds just under four billion including euro bonds under the MTN plan.
This transaction was the first Asian EUR transaction in 2010 and the first Indian EUR transaction in the last three years. The deal is the largest single-tranche bond ever completed by SBI, as well as the largest EUR denominated issuance from India.
The order book was well diversified both in terms of the geography and investor type. The deal generated €1.3bn in orders from 180 investors. The major allocations were made in the following manner: Germany (24 per cent), United Kingdom (21 per cent), France (15 per cent), the Netherlands (11 per cent) and Switzerland (11 per cent). The joint lead managers for the issue included Barclays Capital, Credit Agricole and UBS.crackcrack
| Company Name | CMP |
|---|---|
| SBI | 750.80 |
| Bank Of Baroda | 256.95 |
| PNB | 128.25 |
| Canara Bank | 578.70 |
| Union Bank Of India | 140.85 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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